Vision Opportunity Funds honoured at the 2013 Morningstar Canadian Investment Awards

TORONTO, Dec. 2, 2013 /CNW/ - Vision Capital Corporation ("Vision") is pleased to announce that the Vision Opportunity Fund Limited Partnership (the "Vision LP") was recognized as one of the Top 3 Best Multi-Strategy or Fund of Hedge Funds in Canada at the 2013 Morningstar Canadian Investment Awards. This is the third consecutive year that Vision has received recognition at the Morningstar Canadian Investment Awards.

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 November 30, 2013, the Vision LP has delivered a 20% compounded annual return, net of fees and expenses, representing a cumulative total return of 173%.

Mr. Jeffrey Olin, President, CEO and Co-Portfolio Manager of Vision noted, "This recognition for three consecutive years reflects both the consistency of Vision's strategy and the Vision Funds' ability to out-perform in various market conditions."

Mr. Frank Mayer, Chairman and Co-Portfolio Manager of Vision added, "Vision applies a differentiated approach to achieve superior risk-adjusted returns; the unique capabilities and expertise of the Vision portfolio management team are dedicated and aligned to this achievement."

The Morningstar Awards are provided annually by Morningstar Research, Inc., a Canadian subsidiary of Morningstar Inc., a leading provider of independent investment research. They honour companies and individuals that Morningstar believes have achieved excellence in the Canadian financial services industry.

About Vision Capital Corporation:

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

Since its inception on July 2nd, 2008, through November 30, 2013, the Vision Opportunity Fund Limited Partnership has delivered a cumulative total return of approximately 173%, net of all fees and expenses, representing a compound annual return of approximately 20%.

The Vision Funds have received considerable industry recognition for their leading risk-adjusted total return performance, including:

• Received awards at the Canadian Hedge Fund of the Year Awards for five consecutive years since the Funds' inception.
  
• Recognition at the Morningstar Canadian Investment Awards for the past three consecutive years as one of the Top 3 Best Opportunistic Hedge Funds or Best Multi-Strategy Funds.
  
• Top 5 Finalist at the Global Emerging Manager Awards presented by S&P Capital IQ in March 2013 in New York.
  
• Top performing Fund in the Scotia Canadian Hedge Fund Index in 2010.

SOURCE: Vision Capital Corporation