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 [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 5/25/2012
------------------------------------- ----------- ---------
[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: 147
Form 13F Information Table Value Total: 8511488
(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 30, 2012
Voting
Authority
----------------
Title of Value Shares/ Sh/ Put/ Invstmt Other
Name of Issuer 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 53884 855026 SH Defined (1) (2) 855026
American Water
Works Co Inc COM 030420103 8654 254300 SH Defined (1) 254300
AV Homes Inc COM 00234P102 6363 522405 SH Defined (1) (2) 282700 239705
AvalonBay
Communities Inc COM 053484101 29118 205997 SH Defined (1) (2) 122397 83600
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 *W EXP
CORPORATION 10/28/201 060505153 473 450000 SH Defined 450000
Beazer Homes USA
Inc COM 07556Q105 4123 1268505 SH Defined (1) (2) 905278 363227
Boardwalk Pipeline UT LTD
Partners LP PARTNER 096627104 6393 241600 SH Defined (1) (2) 241600
Boston Properties
Inc COM 101121101 40041 381383 SH Defined (1) (2) 200483 180900
Brandywine Realty
Trust COM 105368203 43518 3790745 SH Defined (1) (2) 2173351 1617394
Brookdale Senior
Living Inc COM 112463104 88664 4736309 SH Defined (1) 2898510 1837799
BROOKDALE SR
LIVING INC COM 112463104 1161 62000 SH Defined 62000
Brookfield Canada
Office Prope TR UNIT 112823109 429 17700 SH Defined (1) 17700
BROOKFIELD INFRAST LP INT
PARTNERS UNIT G16252101 1546 48930 SH Defined 48,930
BROOKFIELD OFFICE
PPTYS INC COM 112900105 4351377 249362561 SH Defined 249,362,561
Brookfield
Properties Corp COM 112900105 1417 81200 SH Defined (1) (2) 81200
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 SH BEN
Trust INT 133131102 33942 516233 SH Defined (1) (2) 337033 179200
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
Cemig SA SP ADR
N-V PFD 204409601 11295 475000 SH Defined (1) 475000
CenterPoint Energy
Inc COM 15189T107 18381 932100 SH Defined (1) 932100
Chesapeake
Midstream
Partners COM 16524K108 7849 264100 SH Defined (1) 264100
China Real Estate
Information COM 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 22022 1182700 SH Defined (1) 602100 580600
Commonwealth REIT 6.50% PFD
6.50% Serie CUM CO 203233408 4096 191776 SH Defined (1) (2) 191776
Corporate Office
Properties Tr COM 22002T108 548 23600 SH Defined (1) (2) 23600
Crown Castle
International Cor COM 228227104 21797 408650 SH Defined (1) 408650
DDR Corp COM 23317H102 62903 4308441 SH Defined (1) (2) 2821675 1486766
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 46450 2036400 SH Defined (1) (2) 1051400 985000
EastGroup
Properties Inc COM 277276101 899 17900 SH Defined (1) 17900
Eaton Vance Corp COM 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 33433 1131400 SH Defined (1) 1131400
Emeritus Corp COM 291005106 14168 802237 SH Defined (1) (2) 331100 471137
Enbridge Energy
Partners LP COM 29250R106 10867 350900 SH Defined (1) 350900
Enbridge Inc COM 29250N105 60112 1549480 SH Defined (1) 1549480
Energy Transfer COM UT
Equity LP LITD PTN 29273V100 12114 300600 SH Defined (1) 300600
Energy Transfer UNIT LTD
Partners LP PARTN 29273R109 6356 135500 SH Defined (1) 135500
Enterprise
Products
Partners L COM 293792107 15605 309200 SH Defined (1) 309200
Entertainment PFD C INV
PPTYS TR 5.75% 29380T402 655 31400 SH Defined (1) 31400
Entertainment PFD 9% SR
PPTYS TR E 29380T600 5476 196205 SH Defined (1) 196205
EQT Corp COM 26884L109 525 10900 SH Defined (1) 10900
Equity Lifestyle
Properties In COM 29472R108 6277 90000 SH Defined (1) (2) 90000
Equity Residential SH BEN
INT 29476L107 15242 243400 SH Defined (1) (2) 243400
Essex Property
Trust Inc COM 297178105 39321 259527 SH Defined (1) (2) 133027 126500
First Industrial
Realty Trust COM 32054K103 31121 2519930 SH Defined (1) (2) 1092800 1427130
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 36914 2172714 SH Defined (1) (2) 1236036 936678
GENERAL MTRS CO *W EXP
07/10/201 37045V126 672 60000 SH Defined 60,000
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 104 9254 SH Defined 9254
Health Care REIT
Inc COM 42217K106 65674 1194946 SH Defined (1) (2) 666346 528600
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 7818 477600 SH Defined (1) 477600
IRSA Inversiones y GLOBL DEP
Representac 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 14834 192800 SH Defined (1) 192800
JPMORGAN CHASE & CO COM 46625H100 33588 730500 SH Defined 730500
JPMORGAN CHASE & CO *W EXP
10/28/201 46634E114 1338 100000 SH Defined 100000
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 41613 892800 SH Defined (1) (2) 536800 356000
Kinder Morgan
Management LLC COM 49455U100 9767 130867 SH Defined (1) 130867
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 20914 769466 SH Defined (1) (2) 565566 203900
Liberty Property SH BEN
Trust INT 531172104 39338 1101300 SH Defined (1) (2) 582400 518900
LOWES COS INC COM 548661107 1302 41500 SH Defined 41,500
Macquarie
Infrastructure
Co LL COM 55608B105 7235 219300 SH Defined (1) 219300
Marathon Petroleum
Corporation COM 56585A102 824 19000 SH Defined (1) 19000
MarkWest Energy UNIT LTD
Partners LP PARTN 570759100 8914 152500 SH Defined (1) 152500
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
National Grid PLC SPON ADR 636274300 6613 131000 SH Defined (1) 131000
NiSource Inc COM 65473P105 15655 642900 SH Defined (1) 642900
NORTH AMERN ENERGY
PARTNERS COM 656844107 3458 705698 SH Defined 705698
Northeast Utilities COM 664397106 419 11300 SH Defined (1) 11300
NorthWestern Corp COM 668074305 7592 214100 SH Defined (1) 214100
NuStar Energy LP UNIT COM 67058H102 5802 98200 SH Defined (1) 98200
Oneok Inc COM 682680103 18341 224600 SH Defined (1) 224600
PAA Natural Gas COM UNIT
Storage LP LTD 693139107 3372 177500 SH Defined (1) 177500
Parkway Properties
Inc/Md COM 70159Q104 10988 1048454 SH Defined (1) (2) 538700 509754
Pennsylvania Real SH BEN
Estate Inves INT 709102107 16368 1071905 SH Defined (1) (2) 490219 581686
PG & E Corporation COM 69331C108 26888 619400 SH Defined (1) 619400
Plains All
American UNIT LTD
Pipeline L PARTN 726503105 7876 100400 SH Defined (1) 100400
Provident Energy
Ltd COM 74386V100 4306 358800 SH Defined (1) 358800
Public Storage COM 74460D109 89601 648485 SH Defined (1) (2) 434817 213668
Ramco-Gershenson PERP
PPTYS TR PFD-D CV 751452608 2000 40700 SH Defined (1) 40700
Rayonier Inc COM 754907103 22752 516031 SH Defined (1) (2) 330831 185200
Regency Energy COM UNITD
Partners LP LP 75885Y107 9897 402500 SH Defined (1) 402500
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 20121 396000 SH Defined (1) 396000
Sempra Energy COM 816851109 26315 438884 SH Defined (1) 438884
Simon Property
Group Inc COM 828806109 169845 1165879 SH Defined (1) (2) 686763 479116
SL Green Realty
Corp COM 78440X101 70801 912974 SH Defined (1) (2) 548391 364583
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 48208 1528000 SH Defined (1) 1528000
Sunoco Inc. COM 86764P109 8610 225700 SH Defined (1) 225700
Sunstone Hotel CV 8% CUM
INVS PFD-D 867892507 200 8100 SH Defined (1) 8100
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
Tesoro Logistics LP COM UNIT
LP 88160T107 3105 88800 SH Defined (1) (2) 88800
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 38624 900380 SH Defined (1) 900380
TRW AUTOMOTIVE
HLDGS CORP COM 87264S106 4947 106500 SH Defined 106500
Ventas Inc COM 92276F100 51945 909713 SH Defined (1) (2) 572600 337113
Vornado Realty SH BEN
Trust INT 929042109 2240 26600 SH Defined (1) 26600
Weingarten Realty SH BEN
Investors INT 948741103 20663 781800 SH Defined (1) (2) 512100 269700
Weyerhaeuser Co COM 962166104 47121 2149700 SH Defined (1) (2) 1472000 677700
Williams Cos Inc COM 969457100 767 24900 SH Defined (1) (2) 24900
Williams Partners COM UNIT
LP LP 96950F104 6103 107842 SH Defined (1) 107842
WYNN RESORTS LTD COM 983134107 6331 50700 SH Defined 50700