Company: MYI
Filing Date: 2025-08-08
Form Type: PRE 14A
Source: 0001193125-25-176952
Chunk: 12

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-08-08
Form: PRE 14A
Chunk 12
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 issued by or on behalf of states, territories and possessions of the United States and their political subdivisions, agencies or instrumentalities, each of which pays interest that, in the opinion of bond counsel to the issuer, is excludable from gross income for federal income tax purposes (except that the interest may be includable in taxable income for purposes of the federal alternative minimum tax) (“Municipal Bonds”) or investments the income from which is exempt from federal income tax (except that the interest may be subject to the federal alternative minimum tax).

| MVT                                                                                                                                                                                                                         |     | MIY                                                                                                                                                                                                                         |     | MVF                                                                                                                                                                                                                            |     | Acquiring Fund (MYI)                                                                                                                                                                                                        |
| MVT seeks to achieve its investment objective by investing at least 80% of an aggregate of MVT’s net assets (including proceeds from the issuance of any preferred stock) and the proceeds of any borrowings for investment 
 purposes, in a portfolio of Municipal Bonds.                                                                                                                                                                                |     | MIY seeks to achieve its investment objective by investing at least 80% of an aggregate of MIY’s net assets (including proceeds from the issuance of any preferred stock) and the proceeds of any borrowings for investment 
 purposes, in a portfolio of Municipal Bonds.                                                                                                                                                                                |     | MVF’s investment policies provide that it seeks to achieve its investment objective by investing, as a fundamental policy, at least 80% of an aggregate of MVF’s net assets (including proceeds from the issuance of preferred 
 stock), and the proceeds of any borrowings for investment purposes, in a portfolio of Municipal Bonds.                                                                                                                         |     | MYI seeks to achieve its investment objective by investing, as a fundamental policy, at least 80% of an aggregate of MYI’s net assets (including proceeds from the issuance of any preferred stock) and the proceeds of any 
 borrowings for investment purposes, in a portfolio of Municipal Bonds.                                                                                                                                                      |

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Investment Grade and Non-InvestmentGrade Securities: Below is a comparison of each Fund’s policy with respect to investment in investment grade quality securities and non-investmentgrade quality securities. Investment grade quality means that such bonds are rated, at the time of investment, within the four highest grades (Baa or BBB or better by Moody’s Investor Service Inc. (“Moody’s”), S&P Global Ratings (“S&P”) or Fitch Ratings, Inc. (“Fitch”)) or are unrated but judged to be of comparable quality by the Investment Advisor. Below investment grade quality