BlackRock MuniYield Quality Fund III, Inc.
MYI
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- CEO
- John Perlowski
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 55 East 52nd Street New York City NY United States of America 10055
- IPO Date
- Apr 13, 1992
- CIK
- 0000883412
- Website
- blackrock.com
- Similar Companies
- Business
- BlackRock MuniYield Quality Fund III, Inc. (MYI) is a closed-end fixed income mutual fund that seeks to provide shareholders with a high level of current income exempt from federal income taxes, consistent with prudent investment management. The Fund invests at least 80% of its assets in municipal obligations exempt from federal income taxes (with interest potentially subject to the federal alternative minimum tax), primarily long-term investment-grade municipal bonds with maturities exceeding ten years; it may invest directly in such securities or synthetically via derivatives, including tobacco bonds, insured municipals, and variable-rate demand obligations as reflected in its top holdings like Metropolitan Pier & Exposition Authority and Puerto Rico Sales Tax Financing Corporation bonds. Managed by BlackRock Advisors, LLC, the Fund employs leverage, with total leverage at approximately $362.7 million or 34.4% of managed assets totaling $1,284.5 million, and features an effective duration of 16.43 years and yield to worst of 7.95% as of the latest reporting. The Fund operates within the municipal bond sector, targeting income-oriented investors seeking tax-exempt fixed income exposure, with a portfolio credit quality breakdown derived from median ratings by S&P, Moody's, and Fitch, including 18.78% in AMT bonds; its shares trade on the New York Stock Exchange. Founded on April 13, 1992, BlackRock MuniYield Quality Fund III, Inc. is domiciled in the United States with administrative headquarters aligned to BlackRock, Inc. at 50 Hudson Yards, New York. In recent strategic developments, the Fund has undergone significant expansion through BlackRock's municipal closed-end fund simplification initiative announced in 2025, including board-approved mergers such as BlackRock MuniVest Fund, Inc. (MVF) and BlackRock MuniVest Fund II, Inc. (MVT) into MYI, with shareholder approvals secured on October 15 and November 20, 2025; this follows earlier consolidations incorporating assets from funds like BlackRock MuniYield Michigan Quality Fund (MIY). These reorganizations aim to scale offerings and enhance operational efficiency across BlackRock's diverse municipal bond lineup, including investment-grade and high-yield exposures. Additionally, BlackRock closed-end funds, including MYI, repurchased approximately $1.3 billion in shares since the program's inception as of early 2024, supporting shareholder value.