Company: CIF
Filing Date: 2025-07-28
Form Type: N-CSRS
Source: 0001683863-25-006222
Chunk: 18

Company: MFS INTERMEDIATE HIGH INCOME FUND
Filing Date: 2025-07-28
Form: N-CSRS
Chunk 18
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 other than short-term obligations, aggregated $10,149,268 and $12,127,066, respectively.

33

Notes to Financial Statements (unaudited) - continued

(5) Shares of Beneficial Interest The fund's Declaration of Trust permits the Trustees to issue an unlimited number of full and fractional shares of beneficial interest. The Trustees have authorized the repurchase by the fund of up to 10% annually of its own shares of beneficial interest. The fund repurchased 102,100 shares of beneficial interest during the six months ended May 31, 2025 at an average price per share of $1.60 and a weighted average discount of 8.28% per share. The fund repurchased 506,945 shares of beneficial interest during the year ended November 30, 2024 at an average price per share of $1.71 and a weighted average discount of 7.85% per share. Transactions in fund shares were as follows:

|                            | Six months ended 
          5/31/25 |            |     | Year ended 
   11/30/24 |            |
|                            |           Shares | Amount     |     |     Shares | Amount     |
| Capital shares repurchased |         -102,100 | $(163,570) |     |   -506,945 | $(865,747) |

(6) Loan Agreement The fund has a credit agreement with a bank for a revolving secured line of credit that can be drawn upon up to $17,000,000. At May 31, 2025, the fund had outstanding borrowings under this agreement in the amount of $15,000,000, which are secured by a lien on the fund’s assets. The loan’s carrying value in the fund’s Statement of Assets and Liabilities approximates its fair value. The loan value as of the reporting date is considered level 2 under the fair value hierarchy. The credit agreement has no explicit maturity date but may be terminated with appropriate notice by either party. Borrowings under the agreement can be made for liquidity or leverage purposes. Interest is charged at a rate per annum equal to the one-month term SOFR (Secured Overnight Financing Rate) plus 0.10% plus an agreed upon spread, or at the option of the borrower, an alternate base rate plus an agreed upon spread. The fund incurred interest expense of $406,900 during the period, which is included in “Interest expense and fees” in the Statement of Operations. The