Company: CIF
Filing Date: 2025-07-28
Form Type: N-CSRS
Source: 0001683863-25-006222
Chunk: 16

Company: MFS INTERMEDIATE HIGH INCOME FUND
Filing Date: 2025-07-28
Form: N-CSRS
Chunk 16
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3,198,000 |

| (b) | Distributions in excess of tax basis earnings and profits are reported in the financial statements as a tax return of capital. |

The federal tax cost and the tax basis components of distributable earnings were as follows:

| As of 5/31/25                              |             |
| Cost of investments                        | $47,116,424 |
| Gross appreciation                         |     953,963 |
| Gross depreciation                         |  -1,012,173 |
| Net unrealized appreciation (depreciation) |   $(58,210) |
| As of 11/30/24                             |             |
| Capital loss carryforwards                 |  -9,916,433 |
| Other temporary differences                |     -16,662 |
| Net unrealized appreciation (depreciation) |      65,652 |

The aggregate cost above includes prior fiscal year end tax adjustments, if applicable. As of November 30, 2024, the fund had capital loss carryforwards available to offset future realized gains. These net capital losses may be carried forward indefinitely and their character is retained as short-term and/or long-term losses. Such losses are characterized as follows:

| Short-Term |   $(499,487) |
| Long-Term  |   -9,416,946 |
| Total      | $(9,916,433) |

(3) Transactions with Affiliates Investment Adviser — The fund has an investment advisory agreement with MFS to provide overall investment management and related administrative services and facilities to the fund. The management fee is computed daily and paid monthly at an

32

Notes to Financial
Statements (unaudited) - continued

annual rate of 0.65% of the fund’s average
daily net assets. The fund pays the adviser a monthly fee equal to 20% of the fund’s leverage income after deducting the expenses of leveraging (“net leverage income”); provided, however, if the
fund’s net leverage income is less than zero, MFS will reduce its management fee by an amount equivalent to the percentage indicated of the fund’s net leverage income. The management fee incurred for the
six months ended May 31, 2025 was equivalent to an annual effective rate of 0.74% of the fund's average daily net assets.

The investment adviser has agreed in
writing to pay a portion of the fund’s total annual operating expenses, excluding interest, taxes, extraordinary expenses, brokerage and transaction costs