Company: MYI
Filing Date: 2025-10-03
Form Type: N-CSR
Source: 0001193125-25-230138
Chunk: 8

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-10-03
Form: N-CSR
Chunk 8
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Rock MuniAssets Fund, Inc. (MUA)

Investment Objective BlackRock MuniAssets Fund, Inc. ’ s ( MUA ) (the “ Fund ”) investment objective is to provide high current income exempt from U.S. federal income taxes by investing primarily in a portfolio of medium- to lower-grade or unrated municipal obligations, the interest on which, in the opinion of bond counsel to the issuer, is exempt from U.S. federal income taxes. The Fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets in municipal bonds exempt from U.S. federal income taxes (except that the interest may be subject to the federal alternative minimum tax). The Fund invests at least 65% of its assets in municipal bonds that are rated in the medium to lower rating categories by nationally recognized rating services (for example, Baa or lower by Moody’s Investors Service, Inc. (“Moody’s”) or BBB or lower by S&P Global Ratings, or securities that are unrated but are deemed by the investment adviser to be of comparable quality at the time of investment. The Fund may invest directly in such securities or synthetically through the use of derivatives. No assurance can be given that the Fund’s investment objective will be achieved. On January 20, 2025, the Board of Trustees of BlackRock Long-Term Municipal Advantage Trust (BTA) and the Board of Directors of BlackRock MuniAssets Fund, Inc. (MUA) each approved the reorganization of BTA into MUA, with MUA continuing as the surviving Fund. Subject to the requisite approvals by each Fund’s respective common and preferred shareholders and the satisfaction of customary closing conditions, the reorganization is expected to occur during the fourth quarter of 2025. Fund Information

| Symbol on New York Stock Exchange                             
 Initial Offering Date                                         
 Yield on Closing Market Price as of July 31, 2025 ($10.36)(a) |           MUA 
 June 25, 1993 
         6.43% |
|:--------------------------------------------------------------|--------------:|
| Tax Equivalent Yield(b)                                       |        10.86% |
| Current Monthly Distribution per Common Share(c)              |     $0.055500 |
| Current Annualized Distribution per Common                    
 Share(c)                                                      |     $0.666000 |
| Leverage as of July 31, 2025(d)                               |           32% |

| (a) | Yield on