Vision Capital Corporation is pleased to announce that it received two awards...

Vision Capital Corporation ("Vision") is pleased to announce that it received two awards at the 2012 Canadian Hedge Fund of the Year Awards held last night hosted by KPMG.

The Vision Opportunity Fund Limited Partnership 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.

The Vision Opportunity Fund Limited Partnership 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 since inception of Vision's Funds that Funds managed by Vision Capital Corporation have received recognition at the Canadian Hedge Fund of the Year Awards.

Mr. Jeffrey Olin, President and CEO of Vision Capital Corporation, commented, "We are particularly pleased that we have received two unique awards for two different Funds and that we were recognized for achieving both superior absolute as well as risk-adjusted total returns. At Vision we strive to deliver strong absolute total returns, while maintaining a focus on risk mitigation and capital preservation for our investors. We believe that these awards and the Vision Opportunity Funds' consistent above average risk-adjusted total returns reflect the unique strengths and experience of the Vision team."

About Vision Capital Corporation

Vision Capital Corporation ("Vision" or the "Manager"), 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.

The Vision Funds have received considerable industry recognition for their leading risk-adjusted total return performance. The Vision Opportunity Fund Limited Partnership 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.