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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: June 30, 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).)
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 2
Form 13F Information Table Entry Total: 157
Form 13F Information Table Value Total: 13885200
(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) 028-14362 Brookfield Asset Management Private Institutional Capital Adviser (Canada) LP
Brookfield Asset Management Inc.
FORM 13F
As of June 30, 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
------------------------ ---------------- --------- -------- ----------- --- ---- ------- -------- --------- ----------- -------
7 Days Group
Holdings Ltd ADR 81783J101 1069 101200 SH Defined (1) 101200
AK STEEL
HOLDING CORP COM 001547108 1761 300000 SH Defined (1) 300000
AMERICAN WATER
WORKS CO INC COM 03027X100 63508 908426 SH Defined (1) 908426
American Water
Works Co Inc COM 030420103 13355 389600 SH Defined (1) 389600
AT&T COM 00206R102 303 8500 SH Defined (1) 8500
AV HOMES INC COM 00234P102 8579 588429 SH Defined (1) 320902 267527
AVALONBAY
COMMUNITIES
INC COM 053484101 16482 116500 SH Defined (1) 46000 70500
B&G FOODS INC COM 05508R106 532 20000 SH Defined (1) 20000
BANK MONTREAL
QUE COM 063671101 191 3500 SH Defined 3500
BANK NOVA
SCOTIA HALIFAX COM 064149107 181 3500 SH Defined 3500
BANK OF AMERICA
CORP *W EXP 10/26/201 060505153 360 450000 SH Defined (1) 450000
BEAZER HOMES
USA INC COM 07556Q105 8704 2678005 SH Defined (1) 1411778 1266227
BOARDWALK
PIPLINE UT LTD
PARTNERS LP PARTNER 096627104 5625 203600 SH Defined (1) 203600
Brandywine Realty
Trust SH BEN INT NEW 105368203 17756 1438894 SH Defined (1) 641400 797494
BREITBURN
ENERGY COM UT LTD
PARTNERS LP PTN 106776107 217 13075 SH Defined (1) 13075
Brookdale Senior
Living Inc COM 112463104 72356 4078695 SH Defined (1) 2057282 2021413
BROOKDALE SR
LIVING INC COM 112463104 1100 62000 SH Defined 62000
Brookfield Canada
Office Prope TR UNIT 112823109 975 36100 SH Defined (1) 36100
BROOKFIELD
INFRAST
PARTNERS LP
INT UNIT COM G16252101 1643 48,930 SH Defined 48930
BROOKFIELD
OFFICE PPTYS
INC COM 112900105 4343896 249,362,561 SH Defined 249362561
Brookfield Properties
Corp COM 112900105 1415 81200 SH Defined (1) 81200
BROOKFIELD
RESIDENTIAL
PPTYS COM 11283W104 832677 73,493,112 SH Defined 73493112
Brookfield Residential
Propert COM 11283W104 4771 437690 SH Defined (1) 437690
Camden Property
Trust SH BEN INT 133131102 21764 321620 SH Defined (1) 147620 174000
Canadian Imperial
Bank of Commerce COM 136069101 162 2300 SH Defined 2300
CANADIAN NATL
RY CO COM 136385101 161 6000 SH Defined 6000
CEDAR FAIR L P COM 150185106 472 15755 SH Defined 15755
CELESTICA INC SUB VTG SHS 15101Q108 6264 862866 SH Defined (1) 862866
CenterPoint Energy
Inc COM 15189T107 20252 979800 SH Defined (1) 979800
CENTURYLINK INC COM 156700106 375 9500 SH Defined (1) 9500
CGI GROUP INC CL A SUB VTG 39945C109 21536 894763 SH Defined (1) 894763
Chesapeake
Midstream Partners UNIT 16524K108 10846 398600 SH Defined (1) 398600
CITIGROUP INC COM NEW 172967424 100 3653 SH Defined (1) 3653
Commonwealth REIT 6.50% PFD CUM
CO 203233408 7509 342085 SH Defined (1) 251500 90585
Consolidated Edison
Inc COM 209115104 14832 238500 SH Defined (1) 238500
Crown Castle
International Cor COM 228227104 26400 450050 SH Defined (1) 450050
DDR Corp COM 23317H102 29942 2045241 SH Defined (1) 885075 1160166
DIANA SHIPPING
INC DSX COM Y2066G104 389 50,000 SH Defined 50000
Douglas Emmett Inc COM 25960P109 27369 1184800 SH Defined (1) 548400 636400
DuPont Fabros
Technology Inc COM 26613Q106 3867 135400 SH Defined (1) 71400 64000
E-House China
Holdings Ltd ADR 26852W103 8199 1490800 SH Defined (1) 1045160 445640
Emeritus Corp COM 291005106 11350 674402 SH Defined (1) 302800 371602
Enbridge Energy
Partners LP COM 29250R106 10797 350900 SH Defined (1) 350900
Enbridge Inc COM 29250N105 62063 1551907 SH Defined (1) 1551907
ENDEAVOUR
SILVER CORP COM 29258Y103 6451 794489 SH Defined (1) 794489
Energen Corp COM 29265N108 505 11200 SH Defined (1) 11200
Energy Transfer COM UT LTD
Equity LP PTN 29273V100 14140 344700 SH Defined (1) 344700
Energy Transfer UNIT LTD
Partners LP PARTN 29273R109 5988 135500 SH Defined (1) 135500
Enterprise Products
Partners L COM 293792107 19282 376300 SH Defined (1) 376300
Entertainment PPTYS CONV PFD 9% SR
TR E 29380T600 7194 263505 SH Defined (1) 229505 34000
EQT Corp COM 26884L109 681 12700 SH Defined (1) 12700
Equity Lifestyle
Properties In COM 29472R108 766 11100 SH Defined (1) 11100
Equity Residential SH BEN INT 29476L107 368 5900 SH Defined (1) 5900
Essex Property Trust
Inc COM 297178105 28875 187600 SH Defined (1) 63500 124100
Exterran Partners LP COM UNITS 30225N105 6252 325100 SH Defined (1) 325100
FERRELLGAS
PARTNERS LP UNIT LTD PART 315293100 127 6750 SH Defined (1) 6750
First Industrial Realty
Trust COM 32054K103 20100 1592730 SH Defined (1) 535900 1056830
FIRSTSERVICE
CORP SUB VTG SHS 33761N109 6862 240950 SH Defined (1) 240950
FRONTIER
COMMUNICATIONS
CORP COM 35906A108 210 54895 SH Defined (1) 54895
GENERAL
GROWTH PPTYS
INC NEW COM 370023103 6434533 357662764 SH Defined (2) 357,662,764
General Growth
Properties Inc COM 370023103 20760 1147603 SH Defined (1) 427725 719878
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
----------------- ---------------- --------- -------- -------- --- ---- ------- -------- ------- ---------- ------
GENERAL
MOTORS CO COM 37045V126 407 60,000 SH Defined 60000
GENERAL
MOTORS CO COM 37045V100 13490 684072 SH Defined (1) 684072
GENERAL
MOTORS CO *W EXP 07/10/201 37045V118 418 37885 SH Defined (1) 37885
GENERAL
MOTORS CO *W EXP 07/10/201 37045V126 257 37885 SH Defined (1) 37885
Glimcher Realty
Trust SH BEN INT 379302102 846 82731 SH Defined (1) 43500 39231
Health Care
REIT Inc COM 42217K106 45696 783800 SH Defined (1) 269100 514700
HOWARD
HUGHES
CORP COM 44267D107 148896 2424618 SH Defined (2) 2,424,618
Hudson Pacific
Properties Inc COM 444097109 19794 1136918 SH Defined (1) 540483 596435
HUNTSMAN
CORP COM 447011107 1542 119175 SH Defined (1) 119175
Hyatt Hotels
Corp COM CL A 448579102 3567 96000 SH Defined (1) 50600 45400
Inergy LP UNIT LTD PARTN 456615103 19478 1046100 SH Defined (1) 1046100
IRSA
Inversiones y
Representac GLOBL DEP RCPT 450047204 1478 208425 SH Defined (1) 208425
ISHARES S&P 500 INDEX 464287200 2134 15607 SH Defined (1) 15607
ISHARES MSCI EMRG MKT 464287234 718 18359 SH Defined (1) 18359
ISHARES S&P 500 GRW 464287309 886 12059 SH Defined (1) 12059
ISHARES S&P 500 VALUE 464287408 567 9103 SH Defined (1) 9103
ISHARES MSCI EAFE INDEX 464287465 1181 23640 SH Defined (1) 23640
ISHARES S&P MIDCAP 400 464287507 2583 27433 SH Defined (1) 27433
ISHARES RUSSELL 100 464287622 1398 18582 SH Defined (1) 18582
ISHARES S&P SMLCO
VALU 464287879 1425 19167 SH Defined (1) 19167
ISHARES S&P SMLCP
GROW 464287887 1550 19199 SH Defined (1) 19199
iStar Financial
Inc COM 45031U101 10203 1581867 SH Defined (1) 835400 746467
JP MORGAN
CHASE & CO COM 46625H100 26101 730500 SH Defined (1) 730500
JP MORGAN
CHASE & CO *W EXP 0/26/201 46634E114 977 100000 SH Defined (1) 100000
JUST ENERGY
GROUP INC COM 48213W101 363 33368 SH Defined 33368
KB Home COM 48666K109 7490 764300 SH Defined (1) 404000 360300
Kilroy Realty
Corp COM 49427F108 29428 607900 SH Defined (1) 261500 346400
Kinder Morgan
Inc COM 49456B101 46533 1444226 SH Defined (1) 1444226
Kinder Morgan
Inc *W EXP 05/25/201 49456B119 1762 815680 SH Defined (1) 815680
Kinder Morgan
Management
LLC SHS 49455U100 9762 132966 SH Defined (1) 132966
LAS VEGAS
SAND CORP
LVS COM 517834107 274 6,300 SH Defined 6300
LEAR CORP COM 521865204 817 21,660 SH Defined 21660
Lennar Corp CL A 526057104 2680 86700 SH Defined (1) 86700
Liberty Property
Trust SH BEN INT 531172104 40937 1111200 SH Defined (1) 462900 648300
LOWE'S
COMPANIES
INC COM 548661107 1173 41,500 SH Defined 41500
Marathon
Petroleum
Corporation COM 56585A102 853 19000 SH Defined (1) 19000
MarkWest
Energy
Partners LP UNIT LTD PARTN 570759100 11336 229900 SH Defined (1) 229900
MGM Resorts
International COM 552953101 5002 448200 SH Defined (1) 236100 212100
MITEL
NETWORKS
CORP COM 60671Q104 610 138000 SH Defined (1) 138000
NISKA GAS
STORAGE
PARTNERS
LLC UNIT LTD LIABI 654678101 151 12500 SH Defined (1) 12500
NiSource Inc COM 65473P105 11484 464000 SH Defined (1) 464000
NORTH
AMERICAN
ENERGY
PARTNERS COM 656844107 1821 705698 SH Defined (1) 705698
Northeast
Utilities COM 664397106 15842 408200 SH Defined (1) 408200
NorthWestern
Corp COM NEW 668074305 5252 143100 SH Defined (1) 143100
NuStar Energy
LP UNIT COM 67058H102 3665 68000 SH Defined (1) 68000
Oneok Inc COM 682680103 25614 605400 SH Defined (1) 605400
OPEN TEXT
CORP COM 683715106 10983 220100 SH Defined (1) 220100
ORACLE
CORPORATION COM 68389X105 226 7600 SH Defined (1) 7600
PAA Natural Gas
Storage LP COM UNIT LTD 693139107 3172 177500 SH Defined (1) 177500
Parkway
Properties Inc/
Md COM 70159Q104 11994 1048454 SH Defined (1) 538700 509754
Pembina Pipeline
Corp COM 706327103 15016 586588 SH Defined (1) 586588
Pennsylvania
Real Estate
Inves SH BEN INT 709102107 11063 738485 SH Defined (1) 276700 461785
PG & E
Corporation COM 69331C108 40901 903500 SH Defined (1) 903500
Plains All
American
Pipeline L UNIT LTD PARTN 726503105 10101 125000 SH Defined (1) 125000
PRECISION
DRILLING
CORP COM 2010 74022D308 4715 680425 SH Defined (1) 680425
ProLogis COM 74340W103 19589 589500 SH Defined (1) 294400 295100
Public Storage COM 74460D109 89347 618702 SH Defined (1) 250934 367768
Ramco-
Gershenson
PPTYS TR PERP PFD-D CV 751452608 2035 40700 SH Defined (1) 40700
Rayonier Inc COM 754907103 15151 337431 SH Defined (1) 156731 180700
Regency Centers
Corp COM 758849103 271 5700 SH Defined (1) 5700
ROUSE PPTYS
INC COM 779287101 358307 26580603 SH Defined (2) 26,580,603
ROYAL BK
CDA
MONTREAL
QUE COM 780087102 253 5000 SH Defined 5000
SBA
Communications
Corp COM 78388J106 22985 402900 SH Defined (1) 402900
Sempra Energy COM 816851109 30733 446184 SH Defined (1) 446184
SILVER
STANDARD
RESOURCES
INC COM 82823L106 3978 353947 SH Defined (1) 353947
Simon Property
Group Inc COM 828806109 93990 603819 SH Defined (1) 240903 362916
SL Green Realty
Corp COM 78440X101 51272 638983 SH Defined (1) 267000 371983
Southwest Gas
Corp COM 844895102 13497 309200 SH Defined (1) 309200
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
---------------------- -------------- --------- -------- ------- --- ---- ------- -------- ------- ------ ------
SPDR S&P MIDCAP
400 ETF TRUST UTSERI S&PCRP 78467Y107 2679 15640 SH Defined (1) 15640
SPDR TRUST SERIES
I TR UNIT 78462F103 2348 17252 SH Defined (1) 17252
Spectra Energy Corp COM 847560109 33358 1147900 SH Defined (1) 1147900
SUN LIFE FIN OF
CANADA COM 866796105 3878 175100 SH Defined (1) 175100
Sunoco Logistics
Partners LP COM 86764L108 664 18300 SH Defined (1) 18300
Sunstone Hotel
Investors Inc COM 867892101 5005 455400 SH Defined (1) 272800 182600
Sunstone Hotel CV
Investors Inc 8% SUM PFD-D 867892507 204 8100 SH Defined (1) 8100
TAHOE RESOURCES
INC COM 873868103 8307 990500 SH Defined (1) 990500
TECK COMINCO
LIMITED CL B 878742204 2295 72800 SH Defined (1) 72800
TECUMSEH PRODS
CO COM 878895101 2450 500,000 SH Defined 500000
Tesoro Logistics LP COM UNIT LP 88160T107 3997 117900 SH Defined (1) 117900
The Williams
Companies, Inc. COM 969457100 16012 555600 SH Defined (1) 555600
Toll Brothers Inc COM 889478103 8916 299900 SH Defined (1) 162000 137900
TORONTO
DOMINION BK
ONT COM 891160509 333 4300 SH Defined 4300
TRANSCANADA
CORP COM 89353D107 377 9000 SH Defined 9000
TransCanada Corp COM 89353D107 54767 1304980 SH Defined (1) 1304980
TRW AUTOMOTIVE
HOLDINGS CORP COM 87264S106 3915 106500 SH Defined (1) 106500
UDR Inc COM 902653104 23601 913336 SH Defined (1) 297500 615836
VALEANT
PHARMACEUTICALS
INTERN COM 91911K102 10185 396173 SH Defined (1) 396173
Ventas Inc COM 92276F100 35714 565813 SH Defined (1) 218700 347113
VERIZON
COMMUNICATIONS
INC COM 92343V104 333 7500 SH Defined (1) 7500
Weingarten Realty
Investors SH BEN INT 948741103 10844 411700 SH Defined (1) 174800 236900
Weyerhaeuser Co COM 962166104 38687 1730200 SH Defined (1) 791500 938700
WGL Holdings Inc COM 92924F106 7469 187900 SH Defined (1) 187900
Williams Partners LP COM UNIT L P 96950F104 6031 115442 SH Defined (1) 115442
WINDSTREAM CORP COM 97381W104 276 28550 SH Defined (1) 28550
Winthrop Realty Trust SH BENINT
NEW 976391300 4077 335286 SH Defined (1) 111300 223986
WYNN RESORTS
LTD COM 983134107 5259 50700 SH Defined (1) 50700