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: March 31, 2012
Check here if Amendment [_]; Amendment Number:
--------------
This Amendment (Check only one): [_] is a restatement
[_] 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: 416-417-7272
Signature, Place, and Date of Signing:
/s/ A.J. Silber Toronto, CA 5/15/2012
------------------------- ------------------------- ------------------------
[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: 131
Form 13F Information Table Value Total: 7,765,604
-----------
(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 March 31, 2012
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
------------------------------ ---------------- --------- -------- --------- --- ---- ------- -------- ----------- --------- -------
AK STL HLDG CORP COM 001547108 2268 300000 SH Defined 300000
Alexander's Inc COM 014752109 7956 20200 SH Defined (1) (2) 12100 8100
American Tower Reit Inc. COM 03027X100 5138 81526 SH Defined (1) (2) 81526
American Water Works Co Inc COM 030420103 1514 44500 SH Defined (1) 44500
AV Homes Inc COM 00234P102 6363 522405 SH Defined (1) (2) 282700 239705
AvalonBay Communities Inc COM 053484101 20747 146777 SH Defined (1) (2) 68497 78280
BANK MONTREAL QUE COM 063671101 208 3500 SH Defined 3500
BANK NOVA SCOTIA HALIFAX COM 064149107 196 3500 SH Defined 3500
BANK OF AMERICA CORPORATION COM 060505104 53625 5603500 SH Defined 5603500
BANK OF AMERICA CORPORATION *W EXP 10/28/201 060505153 473 450000 SH Defined 450000
Beazer Homes USA Inc COM 07556Q105 4123 1268505 SH Defined (1) (2) 905278 363227
Boston Properties Inc COM 101121101 33245 316648 SH Defined (1) (2) 116748 199900
Brandywine Realty Trust COM 105368203 36073 3142205 SH Defined (1) (2) 1382751 1759454
Brookdale Senior Living Inc COM 112463104 77332 4130996 SH Defined (1) (2) 2162682 1968314
BROOKDALE SR LIVING INC COM 112463104 1161 62000 SH Defined 62000
BROOKFIELD INFRAST PARTNERS LP INT UNIT G16252101 1546 48930 SH Defined 48,930
BROOKFIELD OFFICE PPTYS INC COM 112900105 4351377 249362561 SH Defined 249,362,561
BROOKFIELD RESIDENTIAL PPTYS COM 11283W104 777557 73493112 SH Defined 73,493,112
Brookfield Residential Propert COM 11283W104 8218 776710 SH Defined (1) 776710
Camden Property Trust SH BEN INT 133131102 26295 399923 SH Defined (1) (2) 194333 205590
CANADIAN NAT RES LTD COM 136385101 199 6000 SH Defined 6000
CDN IMPERIAL BK OF COMMERCE COM 136069101 176 2300 SH Defined 2300
CEDAR FAIR L P DEPOSITRY UNIT 150185106 1439 48639 SH Defined 48639
CEMEX SAB DE CV SPON ADR NEW 151290889 667 86000 SH Defined 86000
CenterPoint Energy Inc COM 15189T107 1473 74700 SH Defined (1) 74700
China Real Estate Information ADR 16948Q103 2681 519600 SH Defined (1) (2) 251700 267900
CITIGROUP INC COM NEW 172967424 38714 1059200 SH Defined 1059200
CITIGROUP INC COM 172967424 199 5454 SH Defined (1) 5454
CommonWealth REIT COM SH BEN INT 203233101 17858 959100 SH Defined (1) (2) 423600 535500
CommonWealth REIT 6.50% Serie 6.50% PFD CUM CO 203233408 4096 191776 SH Defined (1) 191776
Corporate Office Properties Tr SH BEN INT 22002T108 861 37101 SH Defined (1) (2) 16800 20301
Crown Castle International Cor COM 228227104 1422 26650 SH Defined (1) 26650
DDR Corp COM 23317H102 51927 3556641 SH Defined (1) (2) 1796375 1760266
DIANA SHIPPING INC COM Y2066G104 448 50000 SH Defined 50,000
Digital Realty Trust Inc COM 253868103 3871 52328 SH Defined (1) 52328
Douglas Emmett Inc COM 25960P109 37778 1656200 SH Defined (1) (2) 689900 966300
EastGroup Properties Inc COM 277276101 899 17900 SH Defined (1) 17900
Eaton Vance Corp COM NON VTG 278265103 217 7600 SH Defined (1) 7600
E-House China Holdings Ltd ADR 26852W103 5413 933340 SH Defined (1) (2) 648440 284900
El Paso Corp COM 28336L109 5334 180500 SH Defined (1) 180500
Emeritus Corp COM 291005106 14168 802237 SH Defined (1) (2) 331100 471137
Enbridge Inc COM 29250N105 4344 111974 SH Defined (1) 111974
Energy Transfer Equity LP COM UT LTD PTN 29273V100 1076 26700 SH Defined (1) 26700
Enterprise Products Partners L COM 293792107 1110 22000 SH Defined (1) 22000
Entertainment PPTYS TR PFD C CNV 5.75% 29380T402 655 31400 SH Defined (1) 31400
Entertainment PPTYS TR CONV PFD 9% SR E 29380T600 5476 196205 SH Defined (1) 196205
EQT Corp COM 26884L109 525 10900 SH Defined (1) 10900
Equity Lifestyle Properties In COM 29472R108 6779 97200 SH Defined (1) (2) 48700 48500
Equity Residential SH BEN INT 29476L107 16538 264100 SH Defined (1) (2) 150000 114100
Essex Property Trust Inc COM 297178105 29803 196705 SH Defined (1) (2) 73205 123500
First Industrial Realty Trust COM 32054K103 22017 1782730 SH Defined (1) (2) 709200 1073530
Forest City Enterprises Inc COM 345550107 10564 674568 SH Defined (1) (2) 349500 325068
Franklin Resources Inc COM 354613101 223 1800 SH Defined (1) 1800
GENERAL GROWTH PPTYS INC NEW COM 370023103 6076690 357662764 SH Defined (3) 357662764
General Growth Properties Inc COM 370023103 25795 1518243 SH Defined (1) (2) 601736 916507
GENERAL MTRS CO COM 37045V100 15613 608682 SH Defined 608682
GENERAL MTRS CO *W EXP 07/10/201 37045V118 154 9254 SH Defined 9254
GENERAL MTRS CO *W EXP 07/10/201 37045V126 672 60000 SH Defined 60,000
GENERAL MTRS CO *W EXP 07/10/201 37045V126 104 9254 SH Defined 9254
Health Care REIT Inc COM 42217K106 51830 943046 SH Defined (1) (2) 375246 567800
HOWARD HUGHES CORP COM 44267D107 154860 2424618 SH Defined (3) 2424618
Hudson Pacific Properties Inc COM 444097109 12442 822335 SH Defined (1) (2) 334200 488135
Inergy LP UNIT LTD PTNR 456615103 588 35900 SH Defined (1) 35900
IRSA Inversiones y Representac GBL DEP RCPT 450047204 1826 180625 SH Defined (1) 180625
ISHARES 600/GRO COM 464287887 1586 19199 SH Defined (1) 19199
ISHARES 600/VAL COM 464287879 1506 19167 SH Defined (1) 19167
ISHARES MSCI EAFE GROWTH INX COM 464288885 131 2230 SH Defined (1) 2230
ISHARES MSCI EAFE INDEX FUND COM 464287465 1298 23640 SH Defined (1) 23640
ISHARES MSCI EMERG MKT INDEX COM 464287234 840 19559 SH Defined (1) 19559
ISHARES RUSSELL 1000 COM 464287622 1449 18582 SH Defined (1) 18582
ISHARES S&P 500 INDEX FUND COM 464287200 2303 16307 SH Defined (1) 16307
ISHARES S&P 500/BARRA GROWTH COM 464287309 909 12059 SH Defined (1) 12059
ISHARES S&P 500/BARRA VAL COM 464287408 591 9103 SH Defined (1) 9103
ISHARES S&P MIDCAP 400 COM 464287507 2722 27433 SH Defined (1) 27433
iStar Financial Inc COM 45031U101 7300 1006900 SH Defined (1) (2) 517900 489000
ITC Holdings Corp COM 465685105 1647 21400 SH Defined (1) 21400
JPMORGAN CHASE & CO *W EXP 10/28/201 46634E114 1338 100000 SH Defined 100000
JPMORGAN CHASE & CO COM 46625H100 33588 730500 SH Defined 730500
JUST ENERGY GROUP INC COM 48213W101 462 33368 SH Defined 33368
KB Home COM 48666K109 5928 666100 SH Defined (1) (2) 315500 350600
Kilroy Realty Corp COM 49427F108 33792 725000 SH Defined (1) (2) 358900 366100
LAS VEGAS SANDS CORP COM 517834107 829 14400 SH Defined 14,400
LEAR CORP COM NEW 521865204 1007 21660 SH Defined 21,660
Lennar Corp CL A 526057104 21540 792500 SH Defined (1) (2) 435600 356900
Liberty Property Trust SH BEN INT 531172104 29930 837900 SH Defined (1) (2) 326700 511200
LOWES COS INC COM 548661107 1302 41500 SH Defined 41,500
Macquarie Infrastructure Co LL COM 55608B105 412 12500 SH Defined (1) 12500
Marathon Petroleum Corporation COM 56585A102 824 19000 SH Defined (1) 19000
MarkWest Energy Partners LP UNIT LTD PARTN 570759100 1122 19200 SH Defined (1) 19200
MGM Resorts International COM 552953101 10501 771000 SH Defined (1) (2) 396400 374600
MITEL NETWORKS CORP COM 60671Q104 1458 339800 SH Defined 339800
Morgans Hotel Group Co COM 61748W108 134 26971 SH Defined (1) 26971
MPG Office Trust Inc COM 553274101 3506 1498300 SH Defined (1) (2) 779800 718500
NiSource Inc COM 65473P105 1666 68400 SH Defined (1) 68400
NORTH AMERN ENERGY PARTNERS COM 656844107 3458 705698 SH Defined 705698
NorthWestern Corp COM 668074305 401 11300 SH Defined (1) 11300
Oneok Inc COM 682680103 1764 21600 SH Defined (1) 21600
Parkway Properties Inc/Md COM 70159Q104 10988 1048454 SH Defined (1) (2) 538700 509754
Pennsylvania Real Estate Inves SH BEN INT 709102107 10924 715405 SH Defined (1) (2) 323219 392186
PG & E Corporation COM 69331C108 2244 51700 SH Defined (1) 51700
Provident Energy Ltd COM 74386V100 398 33200 SH Defined (1) 33200
Public Storage COM 74460D109 67100 485633 SH Defined (1) (2) 243183 242450
Ramco-Gershenson Series D 7.25 PERP PFD-D CV 751452608 2000 40700 SH Defined (1) 40700
Rayonier Inc COM 754907103 16346 370731 SH Defined (1) (2) 177331 193400
ROUSE PPTYS INC COM 779287101 359901 26580603 SH Defined 26580603
ROYAL BK CDA MONTREAL QUE COM 780087102 290 5000 SH Defined 5000
SBA Communications Corp COM 78388J106 2170 42700 SH Defined (1) 42700
Sempra Energy COM 816851109 2308 38500 SH Defined (1) 38500
Simon Property Group Inc COM 828806109 138489 950635 SH Defined (1) (2) 423963 526672
SL Green Realty Corp COM 78440X101 56741 731674 SH Defined (1) (2) 360291 371383
Southwest Gas Corp COM 844895102 560 13100 SH Defined (1) 13100
SPDR DOW JONES INDUSTRIAL AVER COM 78467X109 158 1200 SH Defined (1) 1200
SPDR S&P 500 ETF TR COM 78462F103 2429 17252 SH Defined (1) 17252
SPDR S&P MIDCAP 400 ETF TRUST COM 78467Y107 2826 15640 SH Defined (1) 15640
Spectra Energy Corp COM 847560109 4550 144200 SH Defined (1) 144200
Sunoco Inc. COM 86764P109 2041 53500 SH Defined (1) 53500
T Rowe Price Group Inc COM 74144T108 229 3500 SH Defined (1) 3500
TECK RESOURCES LTD CL B 878742204 2596 72800 SH Defined 72800
TECUMSEH PRODS CO CL B 878895101 2000 500000 SH Defined 500000
Toll Brothers Inc COM 889478103 3802 158500 SH Defined (1) 158500
TORONTO DOMINION BK ONT COM NEW 891160509 365 4300 SH Defined 4300
TRANSCANADA CORP COM 89353D107 387 9000 SH Defined 9000
TransCanada Corp COM 89353D107 2182 50890 SH Defined (1) 50890
TRW AUTOMOTIVE HLDGS CORP COM 87264S106 4947 106500 SH Defined 106500
Ventas Inc COM 92276F100 38883 680963 SH Defined (1) (2) 331200 349763
Vornado Realty Trust SH BEN INT 929042109 2240 26600 SH Defined (1) 26600
Weingarten Realty Investors SH BEN INT 948741103 15951 603500 SH Defined (1) (2) 303600 299900
Weyerhaeuser Co COM 962166104 32729 1493100 SH Defined (1) (2) 743600 749500
Williams Cos Inc COM 969457100 767 24900 SH Defined (1) (2) 24900
Williams Partners LP COM UNIT L P 96950F104 880 15542 SH Defined (1) 15542
WYNN RESORTS LTD COM 983134107 6331 50700 SH Defined 50700