UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F-HR
FORM 13F-HR COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 2011
Check here if Amendment [X]; Amendment Number: 1
This Amendment (Check only one): [_] is a restatement
[X] adds new holdings entries
Institutional Investment Manager Filing this Report:
Name: Brookfield Asset Management Inc.
Address: Brookfield Place
181 Bay Street, Suite 300
Toronto, Ontario M5J 2T3
Form 13F File Number: 028-14349
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: A.J. Silber
Title: Vice President, Legal Affairs
Phone: 416-359-8598
Signature, Place, and Date of Signing:
/s/ A.J. Silber Toronto, CA 07/03/2012
------------------------ ------------------------ ------------------------
[Signature] [Place] [Date]
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
[_] 13F NOTICE. (Check here if no holdings reported are in this report, and
all holdings are reported by other reporting manager(s).)
[_] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported
by other reporting manager(s).)
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 3
Form 13F Information Table Entry Total: 125
Form 13F Information Table Value Total: 12828
----------
(thousands)
Confidential information has been omitted from the form 13F and filed
separately with the Securities and Exchange Commission.
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
No. 13F File Number Name
--- --------------- ----------------------------------------------------------
(1) 028-13826 Brookfield Investment Management Inc.
(2) 028-13827 AMP Capital Brookfield (US) LLC
(3) 028-14362 Brookfield Asset Management Private Institutional Capital
Adviser (Canada) LP
Brookfield Asset Management Inc.
FORM 13F
As of December 31, 2011
Voting Authority
----------------
Value Shares/ Sh/ Put/ Invstmt Other
Name of Issuer Title of class CUSIP (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None
-------------- -------------- --------- -------- ----------- --- ---- ------- -------- ----------- --------- -------
Alexander's Inc.......... COM 014752109 6024 16280 SH Defined (1)(2) 8300 7980
American Water Works
Co Inc................. COM 030420103 13563 425700 SH Defined (1)(2) 425700
Annaly Capital
Management Inc......... COM 035710409 2956 185200 SH Defined (1)(2) 97500 87700
AvalonBay Communities
Inc.................... COM 053484101 95064 727902 SH Defined (1)(2) 536002 191900
Avatar Holdings Inc...... COM 053494100 4260 593305 SH Defined (1)(2) 353600 239705
BANK OF AMERICA
CORPORATION............ COM 060505104 31,155 5,603,500 SH Defined 5,603,500
BANK OF AMERICA
CORP................... COM 060505104 31155 5603500 SH Defined (1) 5603500
BANK OF AMERICA *W EXP
CORPORATION............ 10/28/201 060505153 139 450,000 SH Defined 450,000
BANK OF AMERICA *W EXP
CORP................... 10/28/201 060505153 140 450000 SH Defined (1) 450000
BANK MONTREAL
QUE.................... COM 063671101 192 3500 SH Defined 3500
BANK NOVA SCOTIA
HALIFAX................ COM 064149107 174 3500 SH Defined 3500
Boston Properties Inc.... COM 101121101 123858 1243559 SH Defined (1)(2) 920159 323400
Brandywine Realty SH BEN INT
Trust.................. NEW 105368203 76132 8013946 SH Defined (1)(2) 6201452 1812494
BREITBURN ENERGY COM UT
PARTNERS LP............ LTD PTN 106776107 249 13075 SH Defined (1) 13075
BROOKDALE SR
LIVING INC............. COM 112463104 1078 62000 SH Defined 62000
Brookdale Senior Living
Inc.................... COM 112463104 145194 8349258 SH Defined (1)(2) 6495259 1853999
BROOKFIELD OFFICE
PPTYS INC.............. COM 112900105 3900030 249,362,561 SH Defined 249,362,561
Brookfield Properties
Corp................... COM 112900105 55489 3547886 SH Defined (1)(2) 3038986 508900
Camden Property Trust.... SH BEN INT 133131102 74174 1191738 SH Defined (1)(2) 984338 207400
CDN IMPERIAL BK OF
COMMERCE............... COM 136069101 166 2300 SH Defined 2300
CANADIAN NAT RES
LTD.................... COM 136385101 224 6000 SH Defined 6000
CEDAR FAIR L P........... DEPOSITRY
UNIT 150185106 1046 48639 SH Defined 48639
CEMEX SAB DE CV.......... SPON ADR
NEW 151290889 3,778 701,000 SH Defined 701,000
CEMEX SAB DE CV.......... SPON ADR
NEW 151290889 3778 701000 SH Defined (1) 701000
CITIGROUP INC............ COM NEW 172967424 27868 1059200 SH Defined (1) 1059200
CommonWealth REIT........ COM SH
BEN INT 203233101 5791 348000 SH Defined (1)(2) 137000 211000
Commonwealth REIT 6.50% PFD
6.50% Serie............ CUM Co 203233408 5748 283300 SH Defined (1)(2) 283300
Cemig SA................. SP ADR N-V
PFD 204409601 10151 570600 SH Defined (1)(2) 570600
Crown Castle
International Cor...... COM 228227104 20436 456150 SH Defined (1)(2) 456150
Digital Realty Trust
Inc.................... COM 253868103 5018 75271 SH Defined (1)(2) 75271
EastGroup Properties
Inc.................... COM 277276101 27505 632600 SH Defined (1)(2) 215900 416700
Emeritus Corp............ COM 291005106 14047 802237 SH Defined (1)(2) 331100 471137
Enterprise Products
Partners L............. COM 293792107 13835 298300 SH Defined (1)(2) 298300
Essex Property Trust
Inc.................... COM 297178105 74245 528400 SH Defined (1)(2) 384100 144300
Forest City Enterprises
Inc.................... CL A 345550107 1157 97900 SH Defined (1)(2) 97900
GENERAL GROWTH
PPTYS INC NEW.......... COM 370023103 5342975 355724031 SH Defined (3) 355724031
General Growth
Properties Inc......... COM 370023103 126284 8407708 SH Defined (1)(2) 7104230 1303478
HUNTSMAN CORP............ COM 447011107 1219 121871 SH Defined (1) 121871
Inergy LP................ UNIT LTD
PTNR 456615103 4860 199000 SH Defined (1)(2) 199000
ITC Holdings Corp........ COM 465685105 12854 169400 SH Defined (1)(2) 169400
LAS VEGAS SANDS
CORP................... COM 517834107 1043 24,400 SH Defined 24,400
LENNAR CORP.............. CL A 526057104 197 10,000 SH Defined 10,000
Lennar Corp.............. CL A 526057104 51657 2628862 SH Defined (1)(2) 2348262 280600
LENNAR CORP.............. CL B 526057302 481 30,870 SH Defined 30,870
LENNAR
CORPORATION............ CL B 526057302 481 30870 SH Defined (1) 30870
LOWES COS INC............ COM 548661107 1053 41,500 SH Defined 41,500
MarkWest Energy UNIT LTD
Partners LP............ PARTN 570759100 7582 137700 SH Defined (1)(2) 137700
National Grid PLC........ SPON ADR
NEW 636274300 6855 141400 SH Defined (1)(2) 141400
NISKA GAS STORAGE UNIT LTD
PARTNERS LLC........... LIABI 654678101 111 12500 SH Defined (1) 12500
NORTH AMERICAN
ENERGY PARTNERS........ COM 656844107 4545 705698 SH Defined (1) 705698
Northeast Utilities...... COM 664397106 5688 157707 SH Defined (1)(2) 157707
NorthWestern Corp........ COM 668074305 6668 186300 SH Defined (1)(2) 186300
Oneok Inc................ COM 682680103 16254 187500 SH Defined (1)(2) 187500
PAA Natural Gas Storage COM UNIT
LP..................... LTD 693139107 4729 252200 SH Defined (1)(2) 252200
Pennsylvania Real Estate
Inves.................. SH BEN INT 709102107 15480 1482751 SH Defined (1)(2) 547600 935151
Plains All American UNIT LTD
Pipeline L............. PARTN 726503105 7066 96200 SH Defined (1)(2) 96200
Ramco0Gershenson PERP PFD-
Series D 7.25.......... D CV 751452608 3283 77000 SH Defined (1)(2) 77000
Rayonier Inc............. COM 754907103 55889 1252281 SH Defined (1)(2) 1035281 217000
ROYAL BK CDA
MONTREAL QUE........... COM 780087102 255 5000 SH Defined 5000
RYLAND GROUP INC......... COM 783764103 303 19250 SH Defined (1) 19250
Sempra Energy............ COM 816851109 8508 154684 SH Defined (1)(2) 154684
Simon Property Group
Inc.................... COM 828806109 292772 2270608 SH Defined (1)(2) 1869892 400716
Spectra Energy Corp...... COM 847560109 48137 1565430 SH Defined (1)(2) 1565430
TECK COMINCO
LIMITED................ CL B 878742204 2562 72800 SH Defined (1) 72800
TECUMSEH PRODS CO........ CL B 878895101 2225 500000 SH Defined 500000
TORONTO DOMINION
BK ONT................. COM 891160509 322 4300 SH Defined 4300
Vornado Realty Trust..... SH BEN INT 929042109 1960 25500 SH Defined (1)(2) 25500
Weingarten Realty
Investors.............. SH BEN INT 948741103 1183 54200 SH Defined (1)(2) 54200
Weyerhaeuser Co.......... COM 962166104 5618 300900 SH Defined (1)(2) 300900
Williams Cos Inc/The..... COM 969457100 822 24900 SH Defined (1)(2) 24900
JPMORGAN CHASE & *W EXP
CO..................... 10/28/201 46634E114 850 100000 SH Defined (1) 100000
Alerian MLP ETF.......... Alerian MLP 00162Q866 189 11354 SH Defined (1)(2) 11354
B&G FOODS INC............ COM 05508R106 481 20000 SH Defined (1) 20000
Beazer Homes USA Inc..... COM 07556Q105 3146 1268505 SH Defined (1)(2) 905278 363227
BROOKFIELD
RESIDENTIAL
PPTYS.................. COM 11283W104 573981 73,493,112 SH Defined 73,493,112
Brookfield Residential
Propert................ COM 11283W104 6066 776710 SH Defined (1)(2) 776710
CenterPoint Energy Inc... COM 15189T107 20119 1001440 SH Defined (1)(2) 1001440
Chesapeake Midstream
Partners............... UNIT 16524K108 7154 246700 SH Defined (1)(2) 246700
China Real Estate
Information............ ADR 16948Q103 1968 485900 SH Defined (1)(2) 218000 267900
Coresite Realty Corp..... COM 21870Q105 19150 1074620 SH Defined (1)(2) 441420 633200
Corporate Office
Properties Tr.......... SH BEN INT 22002T108 102018 4798568 SH Defined (1)(2) 3935668 862900
Crosstex Energy Inc...... COM 22765Y104 3404 269300 SH Defined (1)(2) 269300
DDR Corp................. COM 23317H102 79784 6555779 SH Defined (1)(2) 5520113 1035666
D R HORTON INC........... COM 23331A109 123 9,750 SH Defined 9,750
Douglas Emmett Inc....... COM 25960P109 68429 3751577 SH Defined (1)(2) 2636277 1115300
El Paso Corp............. COM 28336L109 17414 655400 SH Defined (1)(2) 655400
Enbridge Inc............. COM 29250N105 51497 1380365 SH Defined (1)(2) 1380365
Enbridge Energy Partners
LP..................... COM 29250R106 11646 350900 SH Defined (1)(2) 350900
Energy Transfer Partners UNIT LTD
LP..................... PARTN 29273R109 6213 135500 SH Defined (1)(2) 135500
Energy Transfer Equity COM UT
LP..................... LTD PTN 29273V100 14073 346800 SH Defined (1)(2) 346800
EPR 5.75% Pfd PFD C CNV
Series C............... 5.75% 29380T402 1142 59400 SH Defined (1)(2) 59400
Equity Lifestyle
Properties In.......... COM 29472R108 47176 707392 SH Defined (1)(2) 544292 163100
Equity Residential....... SH BEN INT 29476L107 60864 1067222 SH Defined (1)(2) 1067222
FRONTIER
COMMUNICATIONS
CORP................... COM 35906A108 495 96075 SH Defined (1) 96075
GENERAL MOTORS CO........ COM 37045V100 12894 636126 SH Defined (1) 636126
GENERAL MOTORS CO........ *W EXP
07/10/201 37045V118 109 9,254 SH Defined 9,254
GENERAL MOTORS CO........ *W EXP
07/10/201 37045V118 401 34206 SH Defined (1) 34206
GENERAL MOTORS CO........ *W EXP
07/10/201 37045V126 72 9,254 SH Defined 9,254
GENERAL MTRS CO.......... *W EXP
07/10/201 37045V126 1216 60,000 SH Defined 60,000
GENERAL MOTORS CO........ *W EXP
07/10/201 37045V126 267 34206 SH Defined (1) 34206
Health Care REIT Inc..... COM 42217K106 97694 1791568 SH Defined (1)(2) 1412068 379500
HOWARD HUGHES
CORP................... COM 44267D107 107095 2424618 SH Defined (3) 2424618
JP MORGAN CHASE &
CO..................... COM 46625H100 24289 730500 SH Defined (1) 730500
KB Home.................. COM 48666K109 6009 894200 SH Defined (1)(2) 377200 517000
Kinder Morgan
Management LLC......... SHS 49455U100 10125 128950 SH Defined (1)(2) 128950
MITEL NETWORKS
CORP................... COM 60671Q104 1240 389800 SH Defined (1) 389800
NuStar Energy LP......... UNIT COM 67058H102 6527 115200 SH Defined (1)(2) 115200
Parkway Properties Inc/
Md..................... COM 70159Q104 10338 1048454 SH Defined (1)(2) 538700 509754
ProLogis................. COM 74340W103 118516 4145355 SH Defined (1)(2) 3446855 698500
Provident Energy Ltd..... COM 74386V100 3241 334500 SH Defined (1)(2) 334500
Public Storage........... COM 74460D109 168648 1254260 SH Defined (1)(2) 1044660 209600
Regency Energy Partners COM UNITS
LP..................... L P 75885Y107 6993 281300 SH Defined (1)(2) 281300
SBA Communications
Corp................... COM 78388J106 16226 377700 SH Defined (1)(2) 377700
SL Green Realty Corp..... COM 78440X101 82196 1233426 SH Defined (1)(2) 907343 326083
Starwood Hotels &
Resorts Worl........... COM 85590A401 69432 1447400 SH Defined (1)(2) 1162200 285200
Targa Resources Partners
LP..................... COM UNIT 87611X105 4440 119100 SH Defined (1)(2) 119100
Targa Resources Corp..... COM 87612G101 8268 203200 SH Defined (1)(2) 203200
Tesoro Logistics LP...... COM UNIT
LP 88160T107 2902 88200 SH Defined (1)(2) 88200
TransCanada Corp......... COM 89353D107 34225 784803 SH Defined (1)(2) 784803
TRANSCANADA CORP......... COM 89353D107 393 9000 SH Defined 9000
Ventas Inc............... COM 92276F100 117140 2124792 SH Defined (1)(2) 1725929 398863
WINDSTREAM CORP.......... COM 97381W104 645 54900 SH Defined (1) 54900
BROOKFIELD INFRAST LP INT
PARTNERS............... UNIT G16252101 1355 48930 SH Defined 48930
DIANA SHIPPING INC....... COM Y2066G104 374 50,000 SH Defined 50,000
DIANA
CONTAINERSHIPS
INC.................... COM Y2069P101 9 1627 SH Defined 1627