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Look Beyond CEF Discounts

The discount a CEF is trading at versus its net asset value is only the starting point to creating a successful portfolio, says CLC Management's Tony Cutinelli.

Mike Taggart: Hi, I'm Mike Taggart, director of U.S. closed-end fund research at Morningstar. With me today is Tony Cutinelli, who is a partner and portfolio manager at CLC Management, where he has been investing in a closed-end-fund-focused strategy since October 2002.

Tony, thanks for joining me.