Steinberg Asset Management, LLC reports its control over common shares of
Lions Gate Entertainment Corp. has been reduced to 9.99%
NEW YORK,
On
Steinberg is an independent investment advisory firm. Steinberg purchases and sells common shares of Lions Gate on behalf of various separately managed accounts over which it exercises discretionary authority for passive investment purposes and not with a view to influence management or the direction of the company. On behalf of its managed accounts, Steinberg may, as investment conditions warrant, and as managed accounts either add or withdraw funds or securities from accounts under Steinberg's management, acquire further securities or dispose of its holdings of securities of Lions Gate in the ordinary course of its investment management activities.
Steinberg Asset Management, LLC is located at 12 East 49th Street, Suite 1201, New York, NY 10017.
For further information: For further information: Mr. Steven Feld, (212) 980-0080
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