sc13gza
 

 
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
 
(Amendment No. 3)*

Brookfield Asset Management Inc. (f/k/a Brascan Corporation)
(Name of Issuer)
Class A Limited Voting Shares, no par value
(Title of Class of Securities)
112585 104
(CUSIP Number)
July 21, 2006
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o      Rule 13d-1(b)

þ      Rule 13d-1(c)

o      Rule 13d-1(d)

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 
 


 

                     
CUSIP No.
 
112585 104 
  Page  
  of   

 

           
1   NAMES OF REPORTING PERSONS/
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
   
  BAM Investments Corp. (formerly BNN Investments Ltd.)
   
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):

  (a)   o
  (b)   þ Joint filing
     
3   SEC USE ONLY:
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  Ontario, Canada
       
  5   SOLE VOTING POWER:
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   36,977,485
       
EACH 7   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   0
       
WITH: 8   SHARED DISPOSITIVE POWER:
     
    36,977,485
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  36,977,485
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9:
   
  9.56%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  CO


 

                     
CUSIP No.
 
112585 104 
  Page  
  of   

 

           
1   NAMES OF REPORTING PERSONS/
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
   
  BNN Split Corp. 
   
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):

  (a)   o
  (b)   þ Joint filing
     
3   SEC USE ONLY:
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  Ontario, Canada
       
  5   SOLE VOTING POWER:
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   36,977,485
       
EACH 7   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   0
       
WITH: 8   SHARED DISPOSITIVE POWER:
     
    36,977,485
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  36,977,485
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9:
   
  9.56%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  CO


 

CUSIP No. 112585 104   Page 4 of 6 Pages
     
Item 1(a).
  Name of Issuer
 
   
 
  Brookfield Asset Management Inc.
 
   
Item 1(b).
  Address of Issuer's Principal Executive Offices
 
   
 
  181 Bay Street, Suite 300
 
  Toronto, Ontario M5J 2T3
 
  Canada
 
   
Item 2(a).
  Name of Persons Filing
 
   
 
  BAM Investments Corp. (formerly BNN Investments Ltd.)
 
  BNN Split Corp.
 
   
Item 2(b).
  Address of Principal Business Office or, if none, Residence
 
   
 
  181 Bay Street, Suite 300
 
  Toronto, Ontario M5J 2T3
 
  Canada
 
   
Item 2(c).
  Citizenship
 
   
 
  Province of Ontario, Canada
 
   
Item 2(d).
  Title of Class of Securities
 
   
 
  Class A Limited Voting Shares, no par value
 
   
Item 2(e).
  CUSIP Number
 
  112585 104
 
   
Item 3.
  Not applicable
 
   
Item 4.
  Ownership
 
   
 
  (a)       Amount Beneficially Owned:
 
   
 
  See item 9 of cover pages.
 
   
 
  (b)       Percent of Class:
 
   
 
  See item 11 of cover pages.

 


 

CUSIP No. 112585 104   13G   Page 5 of 6 Pages
             
    (c)   Number of shares as to which such person has:
 
           
 
      (i)   sole power to vote or to direct the vote:
 
           
        See item 5 of cover pages.
 
           
 
      (ii)   shared power to vote or to direct the vote:
 
           
        See item 6 of cover pages.
 
           
 
      (iii)   sole power to dispose or to direct the disposition of:
 
           
        See item 7 of cover pages.
 
           
 
      (iv)   shared power to dispose or to direct the disposition of:
 
           
        See item 8 of cover pages.
 
           
Item 5.   Ownership of Five Percent or Less of a Class
 
           
    Not applicable
 
           
Item 6.   Ownership of More than Five Percent on Behalf of Another Person
 
           
    Not applicable
 
           
Item 7.   Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company
 
           
    Not applicable
 
           
Item 8.   Identification and Classification of Members of the Group
 
           
    Not applicable
 
           
Item 9.   Notice of Dissolution of Group
 
           
    Not applicable

 


 

CUSIP No. 112585 104   13G   Page 6 of 6 Pages
     
Item 10.
  Certifications
 
   
 
  By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
SIGNATURE
     After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct as of July 31, 2006.
 
         
  BAM INVESTMENTS CORP.
 
 
 
  By:         /s/   Brian D. Lawson    
    Name:   Brian D. Lawson   
    Title:   President   
 
 
 
  BNN SPLIT CORP.
 
 
 
  By:         /s/   Loretta M. Corso    
    Name:   Loretta M. Corso   
    Title:   Corporate Secretary