n_23c-2.htm

 
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
 
RULE 23C-2 NOTICE OF INTENTION TO REDEEM SECURITIES
 
of
 
BlackRock MuniYield Quality Fund III, Inc.
100 Bellevue Parkway
Wilmington, DE 19809
(888) 825-2257
 
under the
 
Investment Company Act of 1940
 
Investment Company Act File No. 811-06540
 
_________________
 


1.
Title of the class of securities of BlackRock MuniYield Quality Fund III, Inc. (the "Fund") to be redeemed:
 
Auction Market Preferred Stock, liquidation preference $25,000 per share, as identified by series and CUSIP in Annex A hereto (the "Shares").
 
2.
The date on which the securities are to be called or redeemed:
 
See Annex A for the dates on which Shares of each series are to be redeemed (the "Redemption Date").
 
3.
The applicable provisions of the governing instrument pursuant to which the securities are to be called or redeemed:
 
The Shares are to be redeemed pursuant to Section 4(a)(i) of the Fund's Articles Supplementary.
 
4.
The principal amount or number of shares and the basis upon which the securities to be redeemed are to be selected:
 
The Fund will redeem all of its outstanding Shares of Series B, C, D, E, G, H and I.  See Annex A for information concerning the number of Shares of Series B, C, D, E, G, H and I and the aggregate principal amount of Shares of each such series to be redeemed.  
 

 
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SIGNATURE

Pursuant to the requirement of Rule 23c-2 of the Investment Company Act of 1940, the Fund has duly caused this Notice of Intention to Redeem Securities to be signed on its behalf by the undersigned on this 20th day of May, 2011.

 
BLACKROCK MUNIYIELD QUALITY FUND III, INC.
     
     
 
By:
/s/ Neal J. Andrews
  
   
Name:  Neal J. Andrews
   
Title:   Chief Financial Officer


 
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Annex A

Series
CUSIP
Redemption Date
Total Shares to be Redeemed
Aggregate
Principal Amount to be Redeemed
B28  09254E301 June 30, 2011 1,376 $34,400,000
C28
09254E400
June 9, 2011
1,376
$34,400,000
D28
09254E509
June 16, 2011
1,376
$34,400,000
E7
09254E608
June 9, 2011
2,502
$62,550,000
G7
09254E806
June 14, 2011
1,501
$37,525,000
H7
09254E889
June 10, 2011
1,625
$40,625,000
I7
09254E871
June 6, 2011
1,625
$40,625,000


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