Vision Opportunity Fund Limited Partnership recognized at the 2012 Morningstar Canadian Investment Awards

TORONTO, Dec. 3, 2012 /CNW/ - Vision Capital Corporation ("Vision") is pleased to announce that the Vision Opportunity Fund Limited Partnership (the "Vision LP") was recognized with an award as one of the Top 3 Best Opportunistic Hedge Funds in Canada at the 2012 Morningstar Canadian Investment Awards.

This is the second consecutive year that Vision has received this recognition.

Vision's unique and differentiated strategy, in conjunction with the experience of the Vision team, has generated strong absolute and risk-adjusted total returns for the Vision LP. Since its inception on July 2, 2008, through October 31, 2012, the Vision LP has delivered a 25% compounded annual return, net of fees and expenses, representing a cumulative total return of 164%.

Mr. Jeffrey Olin, President, CEO and Co-Portfolio Manager of Vision Capital Corporation commented, "Vision's consistent absolute and relative outperformance, as reflected by this recognition amongst its peers, is a further validation of the strategy we employ and the focus and discipline we maintain in our execution."

Mr. Frank Mayer, Chairman and Co-Portfolio Manager of Vision added, "We believe that the Vision team, underscored by the 80 years collective experience of its senior portfolio management team, is the leading team in Canada focused on Canadian publicly-traded real estate investments. This recognition is a testament to the expertise that the Vision team encompasses."

About Vision Capital Corporation:

Vision Capital Corporation ("Vision" or the "Manager"), a registrant with the Ontario Securities Commission, manages the Vision Opportunity Funds (the "Funds"), comprising of a range of investment products currently available to accredited investors. The Funds focus primarily on the Canadian real estate sector and currently invest predominantly in publicly-traded equity and debt securities.

The Vision Funds have received considerable industry recognition for their leading risk-adjusted total return performance. At the 2012 Hedge Fund of the Year Awards the Vision LP received the award for achieving the third highest risk adjusted total return (as measured by its three year Sharpe Ratio) for Funds that have been in existence for more than three years and the Vision Opportunity Fund Limited Partnership II (the "Vision LP II") received the award for attaining the third highest one year total return for Funds that have been in existence for three years or less. This is the fourth consecutive year that a Fund managed by Vision was recognized amongst the top five in Canada. The Vision LP II received an award at the 2011 Canadian Hedge Fund of the Year Awards at KPMG as the best performing (new) Fund. The Vision LP was the top performing Fund in the Scotia Hedge Fund Index in 2010. In addition, the Vision LP received a Bronze Award as the Best Opportunistic Hedge Fund by Morningstar in December 2011. Each Vision Fund that has been operating for more than 3 years has earned a Morningstar 5 star rating.

SOURCE: Vision Capital Corporation

For further information:

Please visit our website at www.visioncap.ca, or contact:

Jeffrey Olin,
President and CEO, Co-Portfolio Manager
Vision Capital Corporation
Tel: 416-362-6546
Email: olin@visioncap.ca

or

Frank Mayer
Chairman, Co-Portfolio Manager
Vision Capital Corporation
Tel: 416-362-6547
Email: mayer@visioncap.ca