Company: MYI
Filing Date: 2025-09-05
Form Type: 424B3
Source: 0001193125-25-196285
Chunk: 32

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-09-05
Form: 424B3
Chunk 32
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organization between MIY and the Acquiring Fund (the “MIY Reorganization Agreement”) and the transactions contemplated therein, including (i) the acquisition by the Acquiring Fund of substantially all of
MIY’s assets and the assumption by the Acquiring Fund of substantially all of MIY’s liabilities in exchange solely for newly issued common shares and VRDP Shares of the Acquiring Fund, which will be distributed to the common shareholders
(although cash may be distributed in lieu of fractional common shares) and VRDP Holders, respectively, of MIY, and which shall constitute the sole consideration to be distributed or paid to the common shareholders (although cash may be distributed
in lieu of

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fractional common shares) and the VRDP Holders in respect of their common shares and VRDP Shares, respectively, and (ii) the termination by MIY of its registration under the 1940 Act, and
the liquidation, dissolution and termination of MIY in accordance with its charter and Maryland law (the “MIY Reorganization”).

Proposal 1(D): The VRDP Holders of MIY are being asked to vote as a separate class on a proposal to approve the MIY Reorganization
Agreement and the MIY Reorganization.

Proposal 1(E): The common shareholders and VMTP Holders 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 MIY Reorganization Agreement, the “Reorganization
Agreements”) and the transactions contemplated therein, including (i) the acquisition by the Acquiring Fund of substantially all of MVF’s assets and the assumption by the Acquiring Fund of substantially all of MVF’s
liabilities in exchange solely for newly issued common shares and VRDP Shares of the Acquiring Fund, which will be distributed to the common shareholders (although cash may be distributed in lieu of fractional common shares) and VMTP Holders,
respectively, of MVF, and which shall constitute the sole consideration to be distributed or paid to the common shareholders (although cash may be distributed in lieu of fractional common shares) and the VMTP Holders in respect of their common
shares and VMTP Shares, respectively, and (ii) the termination by MVF of its registration under the 1940 Act, and the liquidation, dissolution and termination of MVF in