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: September 30, 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 7/03/2012
------------------------ ------------------------ ------------------------
[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: 141
Form 13F Information Table Value Total: 10679
----------
(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 September 30, 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
-------------- -------------- --------- -------- --------- --- ---- ------- -------- --------- --------- -------
Alerian MLP ETF.............. Alerian MLP 00162Q866 1332 87,400 SH Defined (1)(2) 87400
ALTRIA GROUP INC............. COM 02209S103 540 20,125 SH Defined (1) 20125
American Water Works Co Inc.. COM 030420103 9123 302,300 SH Defined (1)(2) 302300
Aqua America Inc............. COM 03836W103 4577 212,200 SH Defined (1)(2) 212200
AT&T INC..................... COM 00206R102 754 26,440 SH Defined (1) 26440
AvalonBay Communities Inc.... COM 053484101 71422 626,232 SH Defined (1)(2) 516432 109800
Avatar Holdings Inc.......... COM 053494100 4020 491,405 SH Defined (1)(2) 251700 239705
B&G FOODS INC................ COM 05508R106 334 20,000 SH Defined (1) 20000
BANK MONTREAL QUE............ COM 063671101 195 3500 SH Defined 3500
BANK NOVA SCOTIA
HALIFAX.................... COM 064149107 176 3500 SH Defined 3500
BANK OF AMERICA
CORPORATION................ COM 060505104 11864 1938500 SH Defined 1938500
BANK OF AMERICA *W EXP
CORPORATION................ 10/28/201 060505153 383 450000 SH Defined 450000
Beazer Homes USA Inc......... COM 07556Q105 1250 827,705 SH Defined (1)(2) 464478 363227
Boston Properties Inc........ COM 101121101 106932 1,200,139 SH Defined (1)(2) 910939 289200
Brandywine Realty Trust...... SH BEN
INT NEW 105368203 57821 7,218,546 SH Defined (1)(2) 5772252 1446294
BREITBURN ENERGY COM UT
PARTNERS LP................ LTD PTN 106776107 228 13,075 SH Defined (1) 13075
Brookdale Senior Living Inc.. COM 112463104 107200 8,548,658 SH Defined (1)(2) 6658859 1889799
BROOKFIELD INFRAST LP INT
PARTNERS................... UNIT G16252101 1191 48930 SH Defined 48930
BROOKFIELD OFFICE
PPTYS INC.................. COM 112900105 3433722 249362561 SH Defined 249362561
Brookfield Properties Corp... COM 112900105 511 37,100 SH Defined (1)(2) 37100
BROOKFIELD RESIDENTIAL
PPTYS...................... COM 11283W104 488233 73418570 SH Defined 73418570
Brookfield Residential
Propert.................... COM 11283W104 5190 780,518 SH Defined (1)(2) 780518
Camden Property Trust........ SH BEN
INT 133131102 66729 1,207,538 SH Defined (1)(2) 1009138 198400
CANADIAN NAT RES LTD......... COM 136385101 176 6000 SH Defined 6000
CDN IMPERIAL BK OF
COMMERCE................... COM 136069101 161 2300 SH Defined 2300
Cemig SA..................... SP ADR N-
V PFD 204409601 7857 529,460 SH Defined (1)(2) 529460
CENTERPOINT ENERGY INC....... COM 15189T107 16016 816340 SH Defined (1)(2) 816340
CENTURYLINK INC.............. COM 156700106 315 9,500 SH Defined (1) 9500
China Real Estate
Information................ ADR 16948Q103 2391 485,900 SH Defined (1)(2) 218000 267900
CITIGROUP INC................ COM 172967424 11252 439200 SH Defined 439200
CommonWealth REIT............ COM SH
BEN INT 203233101 2648 139,600 SH Defined (1)(2) 139600
Commonwealth REIT............ 6.50% PFD
CUM Co 203233408 12964 635,187 SH Defined (1)(2) 635187
CONSOLIDATED EDISON
INC........................ COM 209115104 570 10,000 SH Defined (1) 10000
Coresite Realty Corp......... COM 21870Q105 16201 1,129,020 SH Defined (1)(2) 469520 659500
Corporate Office Properties SH BEN
Tr......................... INT 22002T108 52230 2,398,087 SH Defined (1)(2) 1842687 555400
Crosstex Energy Inc.......... COM 22765Y104 2208 163,800 SH Defined (1)(2) 163800
Crown Castle International
Cor........................ COM 228227104 11813 290,450 SH Defined (1)(2) 290450
D R HORTON INC............... COM 23331A109 3390 375000 SH Defined 375000
DDR Corp..................... COM 23317H102 29975 2,749,979 SH Defined (1)(2) 2332913 417066
DIANA SHIPPING INC........... COM Y2066G104 371 50000 SH Defined 50000
Digital Realty Trust Inc..... COM 253868103 91597 1,660,566 SH Defined (1)(2) 1388966 271600
Douglas Emmett Inc........... COM 25960P109 65192 3,812,377 SH Defined (1)(2) 2718377 1094000
DR HORTON.................... COM 23331A109 218 24,100 SH Defined (1) 24100
EASTERN INSURANCE
HOLDINGS................... COM 276534104 1629 123,900 SH Defined (1) 123900
EastGroup Properties Inc..... COM 277276101 24513 642,700 SH Defined (1)(2) 227600 415100
El Paso Corp................. COM 28336L109 3898 223,000 SH Defined (1)(2) 223000
El Paso Pipeline Partners LP. COM UNIT
LPI 283702108 5703 160,780 SH Defined (1)(2) 160780
Emeritus Corp................ COM 291005106 11674 827,937 SH Defined (1)(2) 356800 471137
Enbridge Energy Partners LP.. COM 29250R106 9617 350,100 SH Defined (1)(2) 350100
Enbridge Inc................. COM 29250N105 28645 899,065 SH Defined (1)(2) 899065
Energy Transfer Equity LP.... COM UT
LTD PTN 29273V100 476 13,700 SH Defined (1)(2) 13700
Energy Transfer Partners LP.. UNIT LTD
PARTN 29273R109 5463 133,200 SH Defined (1)(2) 133200
Enterprise Products Partners
L.......................... COM 293792107 2815 70,100 SH Defined (1)(2) 70100
Entertainment PPTYS TR....... PFD C CNV
5.75% 29380T402 1110 59,400 SH Defined (1)(2) 59400
Equity Lifestyle Properties
In......................... COM 29472R108 53583 854,592 SH Defined (1)(2) 672492 182100
Essex Property Trust Inc..... COM 297178105 64353 536,100 SH Defined (1)(2) 395000 141100
Excel Trust Inc.............. COM 30068C109 4311 448,100 SH Defined (1)(2) 194200 253900
Forest City Enterprises Inc.. CL A 345550107 17076 1,601,830 SH Defined (1)(2) 1601830
FRONTIER
COMMUNICATIONS
CORP....................... COM 35906A108 587 96,075 SH Defined (1) 96075
GENERAL GROWTH PPTYS
INC NEW.................... COM 370023103 4280839 353788359 SH Defined (3) 353788359
General Growth Properties
Inc........................ COM 370023103 104609 8,645,408 SH Defined (1)(2) 7375530 1269878
GENERAL MOTORS CO............ COM 37045V100 865 42,857 SH Defined (1) 42857
GENERAL MOTORS CO............ *W EXP
07/10/201 37045V118 454 38,965 SH Defined (1) 38965
GENERAL MOTORS CO............ *W EXP
07/10/201 37045V126 309 38,965 SH Defined (1) 38965
GENERAL MTRS CO.............. COM 37045V100 16928 838840 SH Defined 838840
GENERAL MTRS CO.............. *W EXP
07/10/201 37045V118 62 5308 SH Defined 5308
GENERAL MTRS CO.............. *W EXP
07/10/201 37045V126 518 65308 SH Defined 65308
Grupo Aeroportuario del SPON ADR
Surest..................... SER B 40051E202 219 4,400 SH Defined (1)(2) 4400
HCP INC...................... COM 40414L109 465 13,250 SH Defined (1) 13250
Health Care REIT Inc......... COM 42217K106 61084 1,305,214 SH Defined (1)(2) 1097414 207800
HOVNANIAN ENTERPRISES
INC........................ CL A 442487203 30 24,900 SH Defined (1) 24900
HOWARD HUGHES CORP........... COM 44267D107 102076 2424618 SH Defined (3) 2424618
ISHARES TR................... S&P 500
INDEX 464287200 1774 15,607 SH Defined (1) 15607
ISHARES TR................... MSCI
EMERG
MKT 464287234 644 18,359 SH Defined (1) 18359
ISHARES TR................... S&P 500
GRW 464287309 738 12,059 SH Defined (1) 12059
ISHARES TR................... S&P 500
VALUE 464287408 470 9,103 SH Defined (1) 9103
ISHARES TR................... MSCI
EAFE
INDEX 464287465 1041 21,784 SH Defined (1) 21784
ISHARES TR.................... S&P
MIDCAP
400 464287507 2139 27,433 SH Defined (1) 27433
ISHARES TR.................... RUSELL
1000 464287622 1162 18,582 SH Defined (1) 18582
ISHARES TR.................... S&P
SMLCP
VALU 464287879 1134 19,167 SH Defined (1) 19167
ISHARES TR.................... S&P
SMLCP
GROW 464287887 1238 19,199 SH Defined (1) 19199
ITC Holdings Corp............. COM 465685105 9175 118,500 SH Defined (1)(2) 118500
JPMORGAN CHASE & CO........... *W EXP
10/28/201 46634E114 931 100000 SH Defined 100000
JPMORGAN CHASE & CO........... COM 46625H100 7786 258500 SH Defined 258500
KB Home....................... COM 48666K109 5845 997,500 SH Defined (1)(2) 480500 517000
Kinder Morgan Management
LLC......................... SHS 49455U100 7871 134,116 SH Defined (1)(2) 134116
LAS VEGAS SANDS CORP.......... COM 517834107 935 24400 SH Defined 24400
LENNAR CORP................... CL A 526057104 4450 328630 SH Defined 328630
Lennar Corp................... CL A 526057104 34341 2,536,262 SH Defined (1)(2) 2345962 190300
LENNAR CORP................... CL B 526057302 583 57070 SH Defined 57070
LOWES COS INC................. COM 548661107 803 41500 SH Defined 41500
Marriott International Inc/DE. CL A 571903202 460 16,900 SH Defined (1)(2) 16900
MERCK & CO INC................ COM 58933Y105 511 15,625 SH Defined (1) 15625
MITEL NETWORKS CORP........... COM 60671Q104 837 395000 SH Defined 395000
National Grid PLC............. SPON
ADR
NEW 636274300 15072 303,865 SH Defined (1)(2) 303865
NISKA GAS STORAGE UNIT
PARTNERS LLC................ LTD
LIABI 654678101 146 12,500 SH Defined (1) 12500
NiSource Inc.................. COM 65473P105 5679 265,600 SH Defined (1)(2) 265600
NORTH AMERN ENERGY
PARTNERS.................... COM 656844107 4107 705598 SH Defined 705598
Northeast Utilities........... COM 664397106 6024 179,007 SH Defined (1)(2) 179007
NorthWestern Corp............. COM
NEW 668074305 3718 116,400 SH Defined (1)(2) 116400
NuStar Energy LP.............. UNIT
COM 67058H102 3555 68,000 SH Defined (1)(2) 68000
Oiltanking Partners LP........ UNIT
LTD 678049107 682 28,560 SH Defined (1)(2) 28560
Omega Healthcare Investors
Inc......................... COM 681936100 29065 1,824,553 SH Defined (1)(2) 1547962 276591
PAA Natural Gas Storage LP.... COM
UNIT
LTD 693139107 4059 249,000 SH Defined (1)(2) 249000
Parkway Properties Inc/Md..... COM 70159Q104 5505 499,962 SH Defined (1)(2) 260600 239362
Pennsylvania Real Estate SH BEN
Inves....................... INT 709102107 11433 1,479,051 SH Defined (1)(2) 575200 903851
PHILIP MORRIS INTL INC........ COM 718172109 505 8,090 SH Defined (1) 8090
PROGRESS ENERGY INC........... COM 743263105 581 11,225 SH Defined (1) 11225
ProLogis...................... COM 74340W103 92748 3,824,655 SH Defined (1)(2) 3180555 644100
PS Business Parks Inc......... COM 69360J107 8006 161,600 SH Defined (1)(2) 85600 76000
Public Storage................ COM 74460D109 242133 2,174,520 SH Defined (1)(2) 1810020 364500
Ramco0Gershenson Series D PERP
7.25........................ PFD-CV 751452608 2930 77,000 SH Defined (1)(2) 77000
Rayonier Inc.................. COM 754907103 40178 1,092,081 SH Defined (1)(2) 880481 211600
Regency Energy Partners LP.... COM
UNITS L
P 75885Y107 3739 166,900 SH Defined (1)(2) 166900
ROYAL BK CDA MONTREAL
QUE......................... COM 780087102 229 5000 SH Defined 5000
RYLAND GROUP INC.............. COM 783764103 2396 225000 SH Defined 225000
RYLAND GROUP INC.............. COM 783764103 143 13,400 SH Defined (1) 13400
Sabra Healthcare REIT Inc..... COM 78573L106 3003 314,802 SH Defined (1)(2) 142900 171902
SANDERSON FARMS INC........... COM 800013104 808 17000 SH Defined 17000
SBA Communications Corp....... COM 78388J106 8320 241,300 SH Defined (1)(2) 241300
Sempra Energy................. COM 816851109 9424 182,984 SH Defined (1)(2) 182984
Simon Property Group Inc...... COM 828806109 263538 2,396,238 SH Defined (1)(2) 1977022 419216
SL Green Realty Corp.......... COM 78440X101 57437 987,743 SH Defined (1)(2) 795443 192300
SPDR S&P MIDCAP 400 ETF UTSER1
TRUST....................... S&PCRP 78467Y107 2223 15,640 SH Defined (1) 15640
SPDR TRUST SERIES I........... TR UNIT 78462F103 1952 17,252 SH Defined (1) 17252
Spectra Energy Corp........... COM 847560109 26672 1,087,330 SH Defined (1)(2) 1087330
Starwood Hotels & Resorts
Worl........................ COM 85590A401 58168 1,498,400 SH Defined (1)(2) 1181800 316600
Sunstone Hotel INVS INC....... CV 8%
CUM
PDF-D 867892507 1966 92,100 SH Defined (1)(2) 92100
Targa Resources Corp.......... COM 87612G101 3933 132,200 SH Defined (1)(2) 132200
Targa Resources Partners LP... COM
UNIT 87611X105 3939 119,800 SH Defined (1)(2) 119800
TECUMSEH PRODS CO............. CL B 878895101 3455 500000 SH Defined 500000
Tesoro Logistics LP........... COM
UNIT LP 88160T107 595 25,000 SH Defined (1)(2) 25000
TORONTO DOMINION BK
ONT......................... COM 891160509 305 4300 SH Defined 4300
TRANSCANADA CORP.............. COM 89353D107 445 11000 SH Defined 11000
TransCanada Corp.............. COM 89353D107 31536 778,638 SH Defined (1)(2) 778638
VENTAS INC.................... COM 92276F100 70261 1,422,287 SH Defined (1)(2) 1184424 237863
VERIZON
COMMUNICATIONS INC.......... COM 92343V104 795 21,600 SH Defined (1) 21600
Vornado Realty Trust.......... SH BEN
INT 929042109 1949 26,124 SH Defined (1)(2) 26124
Weingarten Realty Investors... SH BEN
INT 948741103 48501 2,291,011 SH Defined (1)(2) 1956974 334037
Williams Cos Inc/The.......... COM 969457100 6774 278,300 SH Defined (1)(2) 278300
WINDSTREAM CORP............... COM 97381W104 560 48,000 SH Defined (1) 48000