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  4. [Form 4] BLACKROCK MUNIYIELD QUALITY FUND III, INC. Insider Trading Activity

Toronto-Dominion entities report MYI (NYSE: MYI) preferred share exchange in fund reorganization

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

BLACKROCK MUNIYIELD QUALITY FUND III, INC. reported an ownership change in its Variable Rate Demand Preferred Shares involving Toronto Dominion Investments LLC (TDI). On February 23, 2026, TDI was reported as having 2,313 Variable Rate Demand Preferred Shares treated as acquired in a non-cash transaction.

According to the disclosure, these 2,313 shares were received from the fund in connection with the reorganization of BlackRock MuniVest Fund, Inc. and BlackRock MuniVest Fund II, Inc. into this fund, through an exchange of previously held preferred shares of those funds for an equal number of Variable Rate Demand Preferred Shares. After this transaction, TDI beneficially owned 5,877 Variable Rate Demand Preferred Shares of the fund. TDI is wholly owned by The Toronto-Dominion Bank through intermediate holding entities, which therefore hold an indirect interest in these shares while jointly filing this statement and expressly disclaiming group status under Section 13(d).

Positive

  • None.

Negative

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Insider Toronto Dominion Investments, Inc., TORONTO DOMINION HOLDINGS USA INC, TD GROUP US HOLDINGS LLC, TORONTO DOMINION BANK
Role 10% Owner | 10% Owner | 10% Owner | 10% Owner
Type Security Shares Price Value
Other VARIABLE RATE DEMAND PREFERRED SHARES 2,313 $0.00 --
Holdings After Transaction: VARIABLE RATE DEMAND PREFERRED SHARES — 5,877 shares (Direct)
Footnotes (1)
  1. The 2,313 Variable Rate Demand Preferred Shares reported as acquired in Table I represent Variable Rate Demand Preferred Shares of the Issuer (the "VRDP Shares") beneficially owned by Toronto Dominion Investments LLC ("TDI") that were acquired from the Issuer in connection with the reorganization of BlackRock MuniVest Fund, Inc. ("MVF") and BlackRock MuniVest Fund II, Inc. ("MVT") into the Issuer. Immediately prior to such reorganization, TDI owned 1,536 Variable Rate Muni Term Preferred Shares of MVF and 777 Variable Rate Muni Term Preferred Shares of MVT, which were exchanged for an equal number of VRDP Shares of the Issuer in a cashless transaction. Prior to the reorganization, TDI held 3,564 VRDP Shares of the Issuer. TDI is a wholly owned subsidiary of The Toronto-Dominion Bank ("TD Bank"). This statement is jointly filed by TD Bank, TDI, Toronto Dominion Holdings (U.S.A.), Inc. ("TDH"), and TD Group US Holdings LLC ("TD GUS"). The VRDP Shares are owned directly by TDI. TDH is the soleowner of TDI and TD GUS is the sole owner of TDH. TD Bank is the sole owner of TD GUS. TD Bank, TDH, and TD GUS hold an indirect interest in the VRDP Shares by virtue of their ownership of TDI. Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) of the US SecuritiesExchange Act of 1934 or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate, or other group for the purpose ofacquiring, holding or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities ofthe Issuer.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Toronto Dominion Investments, Inc.
(Last) (First) (Middle)
909 FANIN
SUITE 1950
(Street)
HOUSTON TX 77010
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
BLACKROCK MUNIYIELD QUALITY FUND III, INC. [ MYI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
02/23/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
VARIABLE RATE DEMAND PREFERRED SHARES 02/23/2026 J(1)(2) 2,313 A(1) (1) 5,877 D(2)(3)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
Toronto Dominion Investments, Inc.
(Last) (First) (Middle)
909 FANIN
SUITE 1950
(Street)
HOUSTON TX 77010
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
TORONTO DOMINION HOLDINGS USA INC
(Last) (First) (Middle)
40 WALL STREET
(Street)
NEW YORK NY 10003
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
TD GROUP US HOLDINGS LLC
(Last) (First) (Middle)
251 LITTLE FALLS DRIVE
(Street)
WILMINGTON DE 19808
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
TORONTO DOMINION BANK
(Last) (First) (Middle)
66 WELLINGTON STREET WEST
12TH FLOOR, TD TOWER
(Street)
TORONTO, ONTARIO A6 M5K 1A2
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. The 2,313 Variable Rate Demand Preferred Shares reported as acquired in Table I represent Variable Rate Demand Preferred Shares of the Issuer (the "VRDP Shares") beneficially owned by Toronto Dominion Investments LLC ("TDI") that were acquired from the Issuer in connection with the reorganization of BlackRock MuniVest Fund, Inc. ("MVF") and BlackRock MuniVest Fund II, Inc. ("MVT") into the Issuer. Immediately prior to such reorganization, TDI owned 1,536 Variable Rate Muni Term Preferred Shares of MVF and 777 Variable Rate Muni Term Preferred Shares of MVT, which were exchanged for an equal number of VRDP Shares of the Issuer in a cashless transaction. Prior to the reorganization, TDI held 3,564 VRDP Shares of the Issuer. TDI is a wholly owned subsidiary of The Toronto-Dominion Bank ("TD Bank").
2. This statement is jointly filed by TD Bank, TDI, Toronto Dominion Holdings (U.S.A.), Inc. ("TDH"), and TD Group US Holdings LLC ("TD GUS"). The VRDP Shares are owned directly by TDI. TDH is the soleowner of TDI and TD GUS is the sole owner of TDH. TD Bank is the sole owner of TD GUS. TD Bank, TDH, and TD GUS hold an indirect interest in the VRDP Shares by virtue of their ownership of TDI.
3. Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) of the US SecuritiesExchange Act of 1934 or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate, or other group for the purpose ofacquiring, holding or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities ofthe Issuer.
Remarks:
Exhibits Index Exhibit 99.1 - Joint Filing Agreement Exhibit 99.2 - Joint Filer Information
/s/ Christina Petrou on behalf of TORONTO DOMINION INVESTMENTS LLC 02/27/2026
/s/ Christina Petrouon behalf of TORONTO DOMINION HOLDINGS (U.S.A.), INC. 02/27/2026
/s/ Andre Ramos on behalf of TD GROUP US HOLDINGS LLC 02/27/2026
/s/ Christina Petrouon behalf of THE TORONTO-DOMINION BANK 02/27/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did MYI report involving Toronto Dominion Investments LLC?

MYI reported that Toronto Dominion Investments LLC was treated as acquiring 2,313 Variable Rate Demand Preferred Shares in a non-cash exchange related to a fund reorganization, bringing its beneficial holdings in these preferred shares of MYI to 5,877.

How did Toronto Dominion Investments LLC obtain additional MYI Variable Rate Demand Preferred Shares?

Toronto Dominion Investments LLC obtained 2,313 additional MYI Variable Rate Demand Preferred Shares through a cashless exchange completed as part of reorganizing BlackRock MuniVest Fund, Inc. and BlackRock MuniVest Fund II, Inc. into MYI, swapping prior preferred shares of those funds for new MYI preferred shares.

What is Toronto Dominion Investments LLC’s total MYI preferred share holding after the transaction?

Following the reorganization transaction, Toronto Dominion Investments LLC beneficially owned 5,877 Variable Rate Demand Preferred Shares of MYI. This total reflects previously held MYI preferred shares plus 2,313 shares received in exchange for preferred shares of the predecessor BlackRock municipal funds.

Which Toronto-Dominion entities are associated with the MYI preferred shares?

The Variable Rate Demand Preferred Shares of MYI are owned directly by Toronto Dominion Investments LLC. Toronto Dominion Holdings (U.S.A.), Inc., TD Group US Holdings LLC, and The Toronto-Dominion Bank each hold an indirect interest through their ownership chain above Toronto Dominion Investments LLC.

Did the Toronto-Dominion reporting persons claim to be a group regarding MYI shares?

The reporting persons explicitly stated that their joint filing should not be seen as an admission that they act as a group for acquiring, holding, or disposing of MYI securities under Section 13(d) of the Securities Exchange Act or for any similar purpose.