MHR terminates trust arrangement in respect of common shares of Lions Gate Entertainment Corp.

NEW YORK, Sept. 15, 2011 /CNW/ - On September 15, 2011, MHR Institutional Partners III LP ("Institutional Partners III"), an affiliated investment fund of Dr. Mark H. Rachesky, terminated its previously announced trust agreement (the "Trust Agreement") with Stanley Beck (the "Trustee") pursuant to which Institutional Partners III had delivered to the Trustee 9,345,352 common shares (the "Trust Shares") of Lions Gate Entertainment Corp. (the "Lions Gate"), representing 6.81% of the common shares outstanding, to be held in trust for the benefit of Institutional Partners III.

As a result of the termination of the Trust Agreement, Dr. Rachesky and his affiliated funds beneficially own and exercise control over 51,288,576 common shares of Lions Gate, representing approximately 37.4% of the outstanding common shares.

The address of Mark H. Rachesky is

          c/o MHR Fund Management LLC
          40 West 57th Street, 24th Floor
          New York, New York  10019

SOURCE MHR Fund Management LLC

For further information:

or for a copy of MHR's early warning report please contact:

Annabelle Rinehart
Joele Frank, Wilkinson Brimmer Katcher

Profil de l'entreprise

MHR Fund Management LLC

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