BlackRock Quality to redeem $284.53 million auction market preferreds

By Toni Weeks

San Diego, May 20 - BlackRock MuniYield Quality Fund III, Inc. will redeem all of its outstanding series B, C, D, E, G, H and I auction market preferred stock, according to a filing with the Securities and Exchange Commission.

Each of the 11,381 shares has a liquidation preference of $25,000, and the redemption will total $284,525,000.

The redemption will occur over six days, as follows:

• 1,376 series B28 shares will be redeemed June 30;

• 1,376 series C28 shares will be redeemed June 9;

• 1,376 series D28 shares will be redeemed June 16;

• 2,502 series E7 shares will be redeemed June 9;

• 1,501 series G7 shares will be redeemed June 14;

• 1,625 series H7 shares will be redeemed June 10; and

• 1,625 series I7 shares will be redeemed June 6.

BlackRock is an investment management firm based in New York City.

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