Company: MYI
Filing Date: 2025-07-16
Form Type: N-14 8C
Source: 0001193125-25-159991
Chunk: 11

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-07-16
Form: N-14 8C
Chunk 11
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 the Voluntary Waiver)applicable to the Reorganizations are as follows: Total Expense Ratios Excluding Leverage Expenses

| MVT   |     | MIY   |     | MVF   |     | Acquiring 
 Fund      
 (MYI)     |     | Pro forma 
 Combined  
 Fund      
 (MVT into 
 MYI)      |     | Pro forma 
 Combined  
 Fund      
 (MVT, MIY 
 and MVF   
 into MYI) |
| 0.86% |     | 0.89% |     | 0.84% |     | 0.87%     |     | 0.84%     |     | 0.83%     |

Total Expense Ratios Including Leverage Expenses

| MVT   |     | MIY   |     | MVF   |     | Acquiring 
 Fund      
 (MYI)     |     | Pro forma 
 Combined  
 Fund      
 (MVT into 
 MYI)      |     | Pro forma 
 Combined  
 Fund      
 (MVT, MIY 
 and MVF   
 into MYI) |
| 2.28% |     | 3.48% |     | 2.28% |     | 2.68%     |     | 2.56%     |     | 2.65%     |

Each Fund’s Total Expenses include leverage expenses associated with such Fund’s VMTP Shares or VRDP Shares, as applicable. It is estimated that the completion of the Reorganization would result in a Total Expense Ratio (excluding leverage expenses)for the Combined Fund of 0.83% on a historical and pro formabasis for the 12 month-period ended January 31, 2025, representing a reduction in the Total Expense Ratios (excluding interest)for the common shareholders of MVT, MIY, MVF and the Acquiring Fund by 0.03%, 0.06%, 0.01% and 0.04%, respectively. iv

It is estimated that the completion of all of the Reorganizations would result in a Total Expense Ratio (including leverage expenses)for the Combined Fund of 2.65% on a historical and pro formabasis for the 12 month-period ended January 31, 2025, representing a reduction in the Total Expense Ratio (including leverage expenses)for the common shareholders of MIY and the Acquiring Fund by 0.83% and 0.03