Company: MYI
Filing Date: 2025-07-16
Form Type: N-14 8C
Source: 0001193125-25-159991
Chunk: 2

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-07-16
Form: N-14 8C
Chunk 2
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, as amended (the “1940 Act”), and the dissolution of MVT under Maryland law (the “MVT Reorganization”). The Acquiring Fund has a similar investment objective and similar investment strategies, policies and
restrictions as MVT, although there are some differences. Preferred shareholders of MVT are also being asked to vote as a separate class on a proposal to approve the MVT Reorganization Agreement and the MVT Reorganization.

Common Shareholders of MIY: You and the preferred shareholders of MIY are being asked to vote as a single class on a proposal to
approve an Agreement and Plan of Reorganization between MIY and the Acquiring Fund (the “MIY Reorganization Agreement”) and the transactions contemplated therein, including the termination of MIY’s registration under the 1940 Act and
the dissolution of MIY under Maryland law (the “MIY Reorganization”). The Acquiring Fund has a similar investment objective and similar investment strategies, policies and restrictions as MIY, although there are some differences. Preferred
shareholders of MIY are also being asked to vote as a separate class on a proposal to approve the MIY Reorganization Agreement and the MIY Reorganization.

Common Shareholders of MVF: You and the preferred shareholders of MVF are being asked to vote as a single class on a proposal to
approve an Agreement and Plan of Reorganization between MVF and the Acquiring Fund (the “MVF Reorganization Agreement” and collectively with the MVT Reorganization Agreement and the MIY Reorganization Agreement, the “Reorganization
Agreements”) and the transactions contemplated therein, including the termination of MVF’s registration under the 1940 Act and the dissolution of MVF under Maryland law (the “MVF Reorganization”). The Acquiring Fund has a similar
investment objective and similar investment strategies, policies and restrictions as MVF, although there are some differences. Preferred shareholders of MVF are also being asked to vote as a separate class on a proposal to approve the MVF
Reorganization Agreement and the MVF Reorganization.

Common Shareholders of the Acquiring Fund: You and the preferred shareholders
of the Acquiring Fund are being asked to vote as a single class on a proposal to approve the issuance of additional common shares of the Acquiring Fund in connection with the MVT Reorganization, the MIY Reorganization and the MVF Reorganization
(each, a “Reorganization”). Preferred shareholders of the Acquiring Fund are also being asked to vote as a separate class on