Company: MYI
Filing Date: 2025-09-08
Form Type: DEF 14A
Source: 0001193125-25-198172
Chunk: 293

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-09-08
Form: DEF 14A
Chunk 293
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 dividends (whether or not earned or declared) (the “Acquiring Fund AMPS Series G Shares”), 2,600 shares of Auction Market Preferred Stock, Series H, 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 “Acquiring Fund AMPS Series H Shares”), and 3,564 shares of Series W-7 Variable Rate Demand
Preferred Shares, par value $0.10, with a liquidation preference of $100,000 (the “Acquiring Fund VRDP Shares” and together with the Acquiring Fund Common Shares, the Acquiring Fund AMPS Non-Series
Shares, the Acquiring Fund AMPS Series A Shares, Acquiring Fund AMPS Series B Shares, Acquiring Fund AMPS Series C Shares, Acquiring Fund AMPS Series D Shares, Acquiring Fund AMPS Series E Shares, Acquiring Fund AMPS Series F Shares, Acquiring Fund
AMPS Series G Shares, and the Acquiring Fund AMPS Series H Shares, collectively the “Acquiring Fund Shares”). Each issued and outstanding Acquiring Fund Share is fully paid and nonassessable, and has the voting rights provided by the
Acquiring Fund’s charter, By-laws and applicable law.

(p) The
books and records of the Acquiring Fund made available to the Target Fund and/or its counsel are substantially true and correct and contain no material misstatements or omissions with respect to the operations of the Acquiring Fund.

(q) The Acquiring Fund Shares to be issued to the Target Fund Shareholders pursuant to this Agreement will have
been duly authorized and, when issued and delivered pursuant to this Agreement, will be legally and validly issued and will be fully paid and nonassessable and will have full voting rights, except as provided by the Acquiring Fund’s charter or
applicable law, and no Acquiring Fund Shareholder will have any preemptive right of subscription or purchase in respect thereof.

(r) At or prior to the Closing Date, the Acquiring Fund Common Shares to be transferred to the Target Fund for
distribution to the Target Fund Shareholders on the Closing Date will be duly qualified for offering to the public in all states of the United States in which the sale of shares of the Funds presently are qualified, and there will be a sufficient
number of such Acquiring Fund Common Shares registered under the 1933 Act and, as may be necessary, with