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, 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 2/14/13
------------------------- ------------------------ ----------------------
[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: 2
Form 13F Information Table Entry Total: 182
Form 13F Information Table Value Total: 15811370
----------
(thousands)
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) 028-14362 Brookfield Asset Management Private Institutional
Capital Adviser (Canada) LP
Brookfield Asset Management Inc.
FORM 13F
As of December 31, 2012
Title of
Name of Issuer class CUSIP (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None
------------------------------ ------------ ---------- ---------- --------- ---- ---- -------- ---------- -------- --------- -------
ACCESS MIDSTREAM PARTNERS L UNIT 00434L109 19189 572134 SH Defined 1 484234 0 87900
AK STL HLDG CORP COM 001547108 1380 300000 SH Defined 1 300000 0
ALON USA PARTNERS LP UT LTDPART
INT 02052T109 602 25000 SH Defined 1 25000 0
ALTRIA GROUP INC. COM 02209S103 286 9100 SH Defined 1 9100 0
AMERICAN TOWER CORP NEW COM 03027X100 96566 1249724 SH Defined 1 1170124 0 79600
AMERISOURCEBERGEN CORP COM 03073E105 667 15450 SH Defined 1 15450 0
AT&T INC COM 00206R102 576 17100 SH Defined 1 17100 0
AUTOZONE INC COM 053332102 285 805 SH Defined 1 805 0
AV HOMES INC COM 00234P102 14540 1022513 SH Defined 1 492731 0 529782
AVALONBAY CMNTYS INC COM 053484101 44501 328200 SH Defined 1 145300 0 182900
B&G FOODS INC NEW COM 05508R106 566 20000 SH Defined 1 20000 0
BABCOCK & WILCOX CO NEW COM 05615F102 517 19732 SH Defined 1 19732 0
BANK OF AMERICA CORP *W EXP
01/16/201 060505153 347 450000 SH Defined 1 450000 0
BANK OF AMERICA CORP COM 060505104 65057 5603500 SH Defined 1 5603500 0
BANK OF MONTREAL QUE COM 063671101 215 3500 SH Defined 3500
BANK OF NOVA SCOTIA HALIFAX COM 064149107 203 3500 SH Defined 3500
BEAZER HOMES USA INC COM NEW 07556Q881 32149 1903430 SH Defined 1 1046005 0 857425
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 709 7900 SH Defined 1 7900 0
BLACKSTONE GROUP LP COM UNIT
LTD 09253U108 14973 960400 SH Defined 1 464600 0 495800
BOARDWALK PIPELINE PARTNERS UT LTD
PARTNERS PARTNER 096627104 4714 189300 SH Defined 1 189300 0
BRANDYWINE RLTY TR SH BEN
INT NEW 105368203 17506 1436094 SH Defined 1 655200 0 780894
BRE PROPERTIES INC CL A 05564E106 26706 525400 SH Defined 1 239900 0 285500
BREITBURN ENERGY PARTNERS LP COM UT
LTD PTN 106776107 241 13075 SH Defined 1 13075 0
BROOKDALE SENIOR LIVING INC COM 112463104 51597 2037795 SH Defined 1 979182 0 1058613
BROOKDALE SR LIVING INC COM 112463104 1570 62000 SH Defined 62000
BROOKFIELD CDA OFFICE PPTYS TR UNIT 112823109 1027 34900 SH Defined 1 34900 0
BROOKFIELD INFRAST PARTNERS LP INT
UNIT G16252101 1725 48930 SH Defined 48930
BROOKFIELD OFFICE PPTYS INC COM 112900105 4199266 249362561 SH Defined 249362561
BROOKFIELD RESIDENTIAL PPTYS COM 11283W104 1318466 73493112 SH Defined 73493112
BROOKFIELD RESIDENTIAL PROPERT COM 11283W104 8742 487290 SH Defined 1 487290 0
CANADIAN NAT RES LTD COM 136385101 173 6000 SH Defined 6000
CATAMARAN CORP COM 148887102 5220 110710 SH Defined 1 110710 0
CELESTICA INC SUB VTG
SHS 15101Q108 6728 827132 SH Defined 1 827132 0
CENTERPOINT ENERGY INC COM 15189T107 3848 199900 SH Defined 1 199900 0
CENTURYLINK INC COM 156700106 372 9500 SH Defined 1 9500 0
CGI GROUP INC CL A SUB
VTG 39945C109 20010 869031 SH Defined 1 869031 0
CITIGROUP INC COM NEW 172967424 49488 1250950 SH Defined 1 1250950 0
CLIFFS NATURAL RESOURCES INC COM 18683K101 1292 33500 SH Defined 1 33500 0
CND IMPERIAL BANK OF COMMERCE COM 136069101 185 2300 SH Defined 2300
COLONY FINL INC COM 19624R106 7461 382600 SH Defined 1 186100 0 196500
COMMONWEALTH REIT 6.50%
PFD CUM
CO 203233408 3455 149700 SH Defined 1 149700 0
CONSOLIDATED TOMOKA LAND CO COM 210226106 6101 196743 SH Defined 1 115764 0 80979
COOPER COS INC COM NEW 216648402 231 2500 SH Defined 1 2500 0
CORENERGY INFRASTRUCTURE TRUST COM 21870U205 2713 450000 SH Defined 1 450000 0
CORPORATE OFFICE PROPERTIES TR SH BEN
INT 22002T108 35765 1431745 SH Defined 1 567500 0 864245
CROWN CASTLE INTL CORP COM 228227104 67278 932346 SH Defined 1 867546 0 64800
DDR CORP COM 23317H102 41504 2650311 SH Defined 1 844875 0 1805436
DIANA SHIPPING INC COM Y2066G104 365 50000 SH Defined 50000
DIGITAL RLTY TR INC COM 253868103 13442 198000 SH Defined 1 89900 0 108100
DUNKIN' BRANDS GROUP INC COM 265504100 455 13700 SH Defined 1 13700 0
DUPONT FABROS TECHNOLOGY INC COM 26613Q106 26695 1104934 SH Defined 1 516000 0 588934
E-HOUSE CHINA HLDGS LTD ADR 26852W103 8959 2185171 SH Defined 1 1237231 0 947940
ENBRIDGE ENERGY MANAGEMENT L SH UNITS
LLI 29250X103 3000 103855 SH Defined 1 103855 0
ENBRIDGE ENERGY PARTNERS L P COM 29250R106 2126 76200 SH Defined 1 76200 0
ENBRIDGE INC COM 29250N105 99727 2306168 SH Defined 1 2164568 0
ENDEAVOUR SILVER CORP COM 29258Y103 6018 761586 SH Defined 1 761586 0
ENERGY TRANSFER EQUITY L P COM UT
LTD PTN 29273V100 18385 404241 SH Defined 1 341841 0 62400
ENTERPRISE PRODS PARTNERS LP COM 293792107 20775 414841 SH Defined 1 349541 0 65300
EPR PPTYS PFD C
CNV 5.75% 26884U208 8018 365300 SH Defined 1 365300 0
EPR PPTYS CONC PFD
9% SR E 26884U307 7914 266898 SH Defined 1 266898 0
EQT MIDSTREAM PARTNERS LP UNIT LTD
PARTN 26885B100 9532 306000 SH Defined 1 268700 0 37300
EQUITY LIFESTYLE PROPERTIES IN COM 29472R108 19480 289500 SH Defined 1 141700 0 147800
EQUITY RESIDENTIAL SH BEN
INT 29476L107 31531 556400 SH Defined 1 244000 0 312400
ESSEX PROPERTY TRUST INC COM 297178105 15501 105700 SH Defined 1 47800 0 57900
EXTERRAN PARTNERS LP COM UNITS 30225N105 6533 322300 SH Defined 1 322300 0
FAMILY DLR STORES INC COM 307000109 526 8300 SH Defined 1 8300 0
FIRST INDUSTRIAL REALTY TRUS COM 32054K103 6643 471830 SH Defined 1 0 471830
FIRSTSERVICE CORP SUB VTG
SH 33761N109 6537 230972 SH Defined 1 230972 0
FISERV INC COM 337738108 680 8600 SH Defined 1 8600 0
FRONTIER COMMUNICATIONS CORP COM 35906A108 411 96075 SH Defined 1 96075 0
GENERAL ELECTRIC COMPANY COM 369604103 317 15100 SH Defined 1 15100 0
GENERAL GROWTH PPTYS INC NEW COM 370023103 7099606 357662764 SH Defined 2 357662764
GENERAL MOTORS CO *W EXP
07/10/201 37045V126 543 43447 SH Defined 1 43447 0
GENERAL MOTORS CO *WEXP
07/10/201 37045V118 847 43447 SH Defined 1 43447 0
GENERAL MOTORS CO COM 37045V100 18813 652564 SH Defined 1 652564 0
GENERAL MOTORS CO W EXP
07/10/201 37045V126 749 60000 SH Defined 60000
GRAINGER W W INC COM 384802104 735 3630 SH Defined 1 3630 0
HEALTH CARE REIT INC COM 42217K106 9182 149813 Sh Defined 1 66109 0
HI-CRUSH PARTNERS LP COM UNIT
LTD 428337109 3597 238400 SH Defined 1 238400 0
HOWARD HUGHES CORP COM 44267D107 252890 3463291 SH Defined 2 3463291
HUNTSMAN CORP COM 447011107 2301 144871 SH Defined 1 144871 0
HYATT HOTELS CORP COM CL A 448579102 7988 207100 SH Defined 1 105900 0 101200
INERGY L P UNIT LTD
PTNR 456615103 17955 987057 SH Defined 1 858157 0 128900
INVESTORS REAL ESTATE TR SH BEN
INT 461730103 4523 518076 SH Defined 1 253000 0 265076
IRON MTN INC COM 462846106 47114 1517350 SH Defined 1 686601 0 830749
IRSA INVERSIONES Y REP S A GLOBL
DEP RCPT 450047204 921 132127 SH Defined 1 132127 0
ISHARES TR CORE S&P
MCP ETF 464287507 2790 27433 SH Defined 1 27433 0
ISHARES TR CORE
S&P500
ETF 464287200 2234 15607 SH Defined 1 15607 0
ISHARES TR MSCI
EAFE
INDEX 464287465 1344 23640 SH Defined 1 23640 0
ISHARES TR MSCI
EMERG MKT 464287234 924 20825 SH Defined 1 20825 0
ISHARES TR MSCI GRW
IDX 464288885 242 4037 SH Defined 1 4037 0
ISHARES TR MSCI VAL
IDX 464288877 229 4699 SH Defined 1 4699 0
ISHARES TR RUSSELL
1000 464287622 1471 18582 SH Defined 1 18582 0
ISHARES TR S&P 500
VALUE 464287408 604 9103 SH Defined 1 9103 0
ISHARES TR S&P SMCP
GROW 464287887 1613 19199 SH Defined 1 19199 0
ISHARES TR S&P
SMLCP
VALU 464287879 1551 19167 SH Defined 1 19167 0
ISHARES TR S&P500
GRW 464287309 913 12059 SH Defined 1 12059 0
ISTAR FINL INC COM 45031U101 14672 1800200 SH Defined 1 875600 0 924600
JPMORGAN CHASE & CO COM 46625H100 32119 730500 SH Defined 1 730500 0
JPMORGAN CHASE & CO *W EXP
10/28/201 46634E114 1186 100000 SH Defined 1 100000 0
JUST ENERGY GROUP INC COM 48213W101 320 33368 SH Defined 33368
KILROY RLTY CORP COM 49427F108 31743 670100 SH Defined 1 228500 0 441600
KINDER MORGAN INC COM 49456B101 77420 2191332 SH Defined 1 2025832 0
KINDER MORGAN INC *W EXP
05/25/201 49456B119 172 45376 SH Defined 1 45376 0
KINDER MORGAN MANAGEMENT LLC SHS 49455U100 10194 135095 SH Defined 1 135095 0
LEAR CORP COM NEW 521865204 1015 21660 SH Defined 21660
LENNAR CORP CL A 526057104 3244 83900 SH Defined 1 83900 0
LIBERTY PROPERTY TRUST SH BEN
INT 531172104 29405 822069 SH Defined 1 311300 0 510769
LOWE'S COMPANIES INC COM 548661107 1474 41500 SH Defined 41500
MACERICH CO COM 554382101 23524 403500 SH Defined 1 172400 0 231100
MARKWEST ENERGY PARTNERS L P UNIT LTD
PARTN 570759100 14703 288244 SH Defined 1 242344 0 45900
MCDONALDS CORP COM 580135101 1599 18125 SH Defined 1 18125 0
MGM RESORTS INTERNATIONAL COM 552953101 9602 824900 SH Defined 1 431700 0 393200
MICROSOFT CORP COM 594918104 1119 41900 SH Defined 1 41900 0
MITEL NETWORKS CORP COM 60671Q104 292 93000 SH Defined 1 93000 0
MONDELEZ INTL INC CL A 609207105 354 13900 SH Defined 1 13900 0
MPLX LP COM UNIT
REP LTD 55336V100 11442 366849 SH Defined 1 328649 0 38200
NATIONAL GRID PLC SPON ADR
NEW 636274300 8903 155000 SH Defined 1 155000 0
NEW GOLD INC CDA COM 644535106 12223 1110196 SH Defined 1 1110196 0
NEWFIELD EXPL CO COM 651290108 656 24500 SH Defined 1 24500 0
NORFOLK SOUTHERN CORP COM 655844108 27581 446000 SH Defined 1 417900 0 28100
NORTH AMERN ENERGY PARTNERS COM 656844107 2399 705698 SH Defined 1 705698 0
NORTHEAST UTILITIES COM 664397106 36185 925916 SH Defined 1 881216 0 44700
NUSTAR ENERGY LP UNIT COM 67058H102 6147 144700 SH Defined 1 144700 0
NUSTAR GP HOLDINGS LLC UNIT
RESTG LLC 67059L102 2894 104500 SH Defined 1 104500 0
ONEOK INC COM 682680103 41433 969183 SH Defined 1 887483 0 81700
OPEN TEXT CORP COM 683715106 19926 357070 SH Defined 1 357070 0
ORACLE CORPORATION COM 68389X105 353 10600 SH Defined 1 10600 0
PAA NAT GAS STORAGE L P COM UNIT
LTD 693139107 3339 175300 SH Defined 1 175300 0
PARKWAY PPTYS INC COM 70159Q104 10502 750700 SH Defined 1 364600 0 386100
PEBBLEBROOK HOTEL TR COM 70509V100 14338 620700 SH Defined 1 281300 0 339400
PEMBINA PIPELINE CORP COM 706327103 31764 1109732 SH Defined 1 1049432 0
PFIZER INC COM 717081103 331 13200 SH Defined 1 13200 0
PG&E CORP COM 69331C108 56879 1415600 SH Defined 1 1328800 0 86800
PUBLIC STORAGE COM 74460D109 84048 579802 SH Defined 1 218634 0 361168
RAMCO-GERSHENSON PPTYD TR PERP
PFD-D CV 751452608 2196 40700 SH Defined 1 40700 0
RAYONIER INC COM 754907103 20506 395631 SH Defined 1 186731 0 208900
ROCKWELL COLLINS INC COM 774341101 268 4600 SH Defined 1 4600 0
ROUSE PROPERTIES, INC COM 779287101 449744 26580603 SH Defined 2 26580603
ROYAL BANK OF CDA MONTREAL QUE COM 780087102 868 14400 SH Defined 14400
SALLY BEAUTY HOLDINGS INC COM 79546E104 212 9000 SH Defined 1 9000 0
SBA COMMUNICATIONS CORP COM 78388J106 47136 663700 SH Defined 1 626100 0 37600
SEMPRA ENERGY COM 816851109 57612 812124 SH Defined 1 754924 0 57200
SILVER BAY RLTY TR CORP COM 82735Q102 4707 250000 SH Defined 1 121700 0 128300
SILVER STD RES INC COM 82823L106 5071 339289 SH Defined 1 339289 0
SIMON PPTY GROUP INC COM 828806109 91063 576019 SH Defined 1 246603 0 329416
SL GREEN RLTY CORP COM 78440X101 33331 434851 SH Defined 1 154600 0 280251
SOUTHCROSS ENERGY PARTNERS L COM UNIT
LTDPT 84130C100 2175 92100 SH Defined 1 92100 0
SOUTHERN COMPANY COM 842587107 1479 34550 SH Defined 1 34550 0
SOUTHWEST GAS CORP COM 844895102 23065 543849 SH Defined 1 502749 0 41100
SOVRAN SELF STORAGE INC COM 84610H108 17593 283300 SH Defined 1 98400 0 184900
SPDR S&P MIDCAP 400 ETF TRUST UTSER1
S&PDCRP 78467Y107 2905 15640 SH Defined 1 15640 0
SPDR TRUST SERIES I TR UNIT 78462F103 2457 17252 SH Defined 1 17252 0
SPECTRA ENERGY CORP COM 847560109 62708 2290265 SH Defined 1 2141265 0 149000
SUMMIT MIDSTREAM PARTNERS LP COM UNIT
LTD 866142102 4321 217900 SH Defined 1 217900 0
SUN LIFE FINANCIAL INC COM 866796105 5039 191100 SH Defined 1 191100 0
SUNOCO LOGISTICS PRTNRS LP COM UNITS 86764L108 18281 367604 SH Defined 1 309304 0 58300
SUNSTONE HOTEL INVS INC NEW CV 8%
CUM PFD-D 867892507 207 8100 SH Defined 1 8100 0
TAHOE RES INC COM 873868103 17596 963800 SH Defined 1 963800 0
TARGA RESOURCES CORP COM 87612G101 19382 366800 SH Defined 1 340100 0 26700
TECK COMINCO LIMITED CL B 878742204 2646 72800 SH Defined 1 72800 0
TECUMSEH PRODS CO CL B 878895101 2300 500000 SH Defined 500000
TESORO LOGISTICS LP COM UNIT
LP 88160T107 920 21000 SH Defined 1 21000 0
TOLL BROTHERS INC COM 889478103 28502 881600 SH Defined 1 448900 0 432700
TORONTO DOMINION BK ONT COM NEW 891160509 363 4300 SH Defined 4300
TRANSCANADA CORP COM 89353D107 89357 1890580 SH Defined 1 1774680 0
TRW AUTOMOTIVE HLDGS CORP COM 87264S106 5709 106500 SH Defined 1 106500 0
UNION PAC CORP COM 907818108 20253 161100 SH Defined 1 149100 0 12000
VAIL RESORTS INC COM 91879Q109 4370 80787 SH Defined 1 39400 0 41387
VALEANT PHARMACEUTICALS INTL COM 91911K102 22939 385284 SH Defined 1 385284 0
VENTAS INC COM 92276F100 16757 258913 SH Defined 1 111800 0 147113
VERIZON COMMUNICATIONS INC COM 92343V104 325 7500 SH Defined 1 7500 0
VORNADO RLTY TRUST SH BEN
INT 929042109 16561 206800 SH Defined 1 96000 0 110800
WASTE MGMT INC COM 94106L109 375 11100 SH Defined 1 11100 0
WAUSAU PAPER CORP COM 943315101 6708 774634 SH Defined 774634
WESTAR ENERGY INC COM 95709T100 232 8100 SH Defined 1 8100 0
WESTERN GAS EQUITY PARTNERS COMUNT
LTD PT 95825R103 7667 256000 SH Defined 1 229000 0 27000
WEYERHAEUSER CO COM 962166104 19813 712200 SH Defined 1 259600 0 452600
WILLIAMS COS INC COM 969457100 70178 2143500 SH Defined 1 1998900 0 144600
WILLIAMS PARTNERS L P COM UNIT
L P 96950F104 1856 38142 SH Defined 1 38142 0
WINDSTREAM CORP COM 97381W104 455 54900 SH Defined 1 54900 0
WYNN RESORTS LTD COM 983134107 5703 50700 SH Defined 1 50700 0