Ok after testing the show information will only be clickable in the right click menu when playing a blu-ray disk.
When playing back a file from HDD wether it be MKV, TS, MT2S, it will not be a option that can be clicked on and grayed out.
If you turn on show information when playing back a blu-ray disk the information will be shown when playing a file back from HDD but can not disable it so you will be stuck with it and will remain on even after closing the program and the only way to disable it is put in a blu-ray disk and then play the blu-ray and then disable the show information.
I must admit I not checked the options menu directly and need to see if you can turn it on and off when playing a file back on HDD. It's either a bug (most certainly is) or cyberlink felt that the show information changing it when watching from a file on HDD did not need the user to change it at will.