MFS Intermediate High Income Fund

MFS Intermediate High Income Fund is a closed-end taxable bond fund focused on generating high current income, with secondary consideration for capital appreciation. The fund primarily invests in high-yield fixed income securities, typically within lower-rated credit categories, positioning it within the high yield (or "junk bond") sector of the fixed income market. Managed by MFS, the fund maintains a diversified portfolio of debt instruments across various industries, seeking to capitalize on opportunities in corporate credit markets. Notable holdings often include bonds from sectors like communications, healthcare, and consumer services. With a managed distribution plan and a relatively high distribution rate, the fund routinely distributes income to shareholders, sometimes exceeding net investment income and realized gains, which can result in a return of capital. Established in 1988, MFS Intermediate High Income Fund plays a role in providing investors with access to higher-yielding debt instruments, offering potential income diversification and exposure to credit markets beyond investment grade bonds.