Company: MYI
Filing Date: 2025-09-08
Form Type: DEF 14A
Source: 0001193125-25-198172
Chunk: 68

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-09-08
Form: DEF 14A
Chunk 68
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 shares of Auction Market Preferred Stock, Series F, par value $0.10, with a liquidation preference of $25,000, plus an amount equal to all accumulated but unpaid dividends
(whether or not earned or declared) (the “MVF AMPS Series F Shares”) and 2,438 shares of Series W-7 Retired Variable Rate Muni-Term Preferred Shares, par value $0.10, with a liquidation preference
of $100,000 (the “MVF Retired Preferred Shares”), and 1,536 shares of

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Series W-7 Variable Rate Muni-Term Preferred Shares, par value $0.10, with a liquidation preference of $100,000 (the “MVF VMPT Shares”).

The Board of each Fund is authorized, however, to reclassify any unissued common shares to preferred shares without the approval of its
common shareholders.

Assuming all of the Reorganizations are approved by the requisite shareholders, upon the Closing Date of the Reorganizations, MVT,
MIY and MVF will receive newly issued Acquiring Fund VRDP Shares, par value $0.10 per share and with a liquidation preference of $100,000 per share (plus an amount equivalent to any accumulated and unpaid dividends that have accrued on the MVT, MIY
or MVF VMTP Shares or VRDP Shares, as applicable, up to and including the day immediately preceding the Closing Date of the Reorganizations if such dividends have not been paid prior to the Closing Date), in such number equal to the issued and
outstanding MVT, MIY or MVF VMTP Shares or VRDP Shares, as applicable, immediately prior to the Closing Date, and such newly issued Acquiring Fund VRDP Shares will then be distributed to the MVT, MIY or MVF VMTP Holders or VRDP Holders, as
applicable, pro rata. The newly issued Acquiring Fund VRDP Shares are expected to be of a substantially identical series as those of the Acquiring Fund’s outstanding VRDP Shares. No fractional Acquiring Fund VRDP Shares will be issued. The
terms of the Acquiring Fund VRDP Shares to be issued in connection with the Reorganizations will be substantially identical to the terms of the Acquiring Fund’s outstanding VRDP Shares and will rank on parity with the Acquiring Fund’s
outstanding VRDP Shares as to the payment of dividends and the distribution of assets upon dissolution, liquidation or winding up of