Mnuchin’s Liberty Strategic Capital raises Lionsgate Studios stake to 12.6%

Liberty Strategic Capital announced that it acquired an aggregate of 3.3M common shares of Lionsgate Studios (LION) in its capacity as portfolio manager for Liberty 77 Fund L.P. and Liberty 77 Fund International L.P. Following the acquisition, Liberty Strategic Capital exercises control and direction over an aggregate of 35,988,636 Common Shares for and on behalf of the Liberty Funds. The 35,988,636 common shares owned by the Liberty Funds represent approximately 12.6% of the issued and outstanding common shares, Liberty stated. The acquisition of 3.3M common shares, representing 1.16% of the issued and outstanding common shares, was made for investment purposes. “Liberty Strategic Capital intends to review such investment in Lionsgate Studios on a continuing basis and, depending on Lionsgate Studios’ performance and other market conditions, increase or decrease its investment position,” according to a press release from the investment company run by Steve Mnuchin.