MFS Intermediate High Income Fund (CIF) to Issue Monthly Dividend of $0.01 on March 31st

MFS Intermediate High Income Fund (NYSE:CIF) announced a monthly dividend on Monday, March 2nd. Stockholders of record on Tuesday, March 17th will be paid a dividend of 0.0145 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 10.7%. The ex-dividend date is Tuesday, March 17th.

MFS Intermediate High Income Fund Price Performance

CIF opened at $1.64 on Friday. The stock’s 50 day moving average price is $1.70 and its 200-day moving average price is $1.73. MFS Intermediate High Income Fund has a 52-week low of $1.52 and a 52-week high of $1.82.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CIF. Jane Street Group LLC bought a new position in MFS Intermediate High Income Fund in the 4th quarter worth $31,000. Pin Oak Investment Advisors Inc. increased its position in shares of MFS Intermediate High Income Fund by 107.6% during the third quarter. Pin Oak Investment Advisors Inc. now owns 165,900 shares of the company’s stock valued at $293,000 after buying an additional 86,000 shares during the period. Finally, Sit Investment Associates Inc. increased its position in shares of MFS Intermediate High Income Fund by 25.0% during the fourth quarter. Sit Investment Associates Inc. now owns 1,452,035 shares of the company’s stock valued at $2,468,000 after buying an additional 290,356 shares during the period. 6.85% of the stock is owned by hedge funds and other institutional investors.

About MFS Intermediate High Income Fund

MFS Intermediate High Income Fund Inc (NYSE: CIF) is a closed-end management investment company advised by MFS Investment Management, one of the oldest global asset managers headquartered in Boston, Massachusetts. The fund seeks to provide current income and capital appreciation by allocating assets primarily to intermediate‐duration debt instruments. It trades on the New York Stock Exchange under the symbol CIF and offers investors exposure to a diversified portfolio of fixed-income securities.

The fund’s investment strategy emphasizes intermediate maturities, generally targeting bonds and loans with durations ranging from two to seven years.