Company: MYI
Filing Date: 2025-10-03
Form Type: N-CSR
Source: 0001193125-25-230138
Chunk: 37

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-10-03
Form: N-CSR
Chunk 37
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 the Statements of Operations. For the year ended July 31, 2025, the amounts waived were as follows:

| Fund Name | Fees Waived and/or Reimbursedby the Manager |
| MUA       |                                          $— |
| MYD       |                                      72,914 |
| MQY       |                                     197,751 |
| MYI       |                                     406,938 |

The Manager reimbursed MUA and MYD $423,399 and $145,892 respectively, for reorganization costs. Directors and Officers: Certain directors and/or officers of the Funds are directors and/or officers of BlackRock or its affiliates. The Funds reimburse the Manager for a portion of the compensation paid to the Funds ’ Chief Compliance Officer, which is included in Directors and Officer in the Statements of Operations. Other Transactions: During the year ended July 31, 2025, BTA recorded a reimbursement of $4,063 from an affiliate, which is included in payment by affiliate in the Statements of Operations, related to an operating event. 7. PURCHASES AND SALES For the year ended July 31, 2025, purchases and sales of investments including paydowns/payups , excluding short-term securities, were as follows:

| Fund Name |   Purchases |       Sales |
| BTA       | $68,796,232 | $75,211,302 |
| MUA       | 202,823,345 | 202,736,390 |
| MYD       | 380,302,947 | 333,992,808 |
| MQY       | 741,415,446 | 699,358,301 |
| MYI       | 635,924,528 | 599,497,945 |

8. INCOME TAX INFORMATION It is each Fund ’ s policy to comply with the requirements of the Internal Revenue Code of 1986, as amended, applicable to regulated investment companies, and to distribute substantially all of its taxable income to its shareholders. Therefore, no U.S. federal income tax provision is required.

Notes to Financial Statements 85

Notes to Financial Statements (continued)

Each Fund files U.S. federal and various state and local tax returns. No income tax returns are currently under examination. The statute of limitations on each Fund ’ s U.S. federal tax returns generally remains open for a period of three years after they are filed. The statutes of limitations on each Fund ’ s state and local tax returns may remain open for an additional year depending