Company: CIF
Filing Date: 2025-01-27
Form Type: N-CSR
Source: 0001683863-25-000338
Chunk: 39

Company: MFS INTERMEDIATE HIGH INCOME FUND
Filing Date: 2025-01-27
Form: N-CSR
Chunk 39
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 of the credit agreement are considered debt issuance costs, which are being amortized into interest expense over twelve months from the closing date. 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 $949,990 during the period, which is included in “Interest expense and fees” in the Statement of Operations. The fund may also be charged a commitment fee based on the average daily unused portion of the line of credit. The fund paid a commitment fee of $2,541 during the period, which is included in “Interest expense and fees” in the Statement of Operations. For the year ended November 30, 2024, the average loan balance was $15,000,000 at a weighted average annual interest rate of 6.33%. The fund is subject to certain covenants including, but not limited to, requirements with respect to asset coverage, portfolio diversification and liquidity. (7) Investments in Affiliated Issuers An affiliated issuer may be considered one in which the fund owns 5% or more of the outstanding voting securities, or a company which is under common control. For the purposes of this report, the following were affiliated issuers for the year ended November 30, 2024:

| Affiliated Issuers                       |  Beginning 
      Value |   Purchases |       Sales 
    Proceeds | Realized 
     Gain 
   (Loss) | Change in       
 Unrealized      
 Appreciation or 
 Depreciation    |   Ending 
    Value |
| MFS Institutional Money Market Portfolio | $1,807,807 | $14,145,420 | $15,354,236 |     $240 | $(94)           | $599,137 |

52

Notes to Financial Statements - continued

| Affiliated Issuers                       | Dividend 
   Income | Capital Gain  
 Distributions |
| MFS Institutional Money Market Portfolio |  $52,965 | $—            |

53