-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RR/+YxysfoGeTjhqXwUwOfUDhPZ8wszirxPxC5/5aMCaqP9PXNvpB84cLy+f0rld aNJmdkahReViMbgsl4xy+g== 0001193125-07-270487.txt : 20071221 0001193125-07-270487.hdr.sgml : 20071221 20071221163750 ACCESSION NUMBER: 0001193125-07-270487 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20071221 DATE AS OF CHANGE: 20071221 GROUP MEMBERS: GENERAL MOTORS TRUST BANK, NATIONAL ASSOCIATION GROUP MEMBERS: GMAM GROUP PENSION TRUST I GROUP MEMBERS: GMAM INVESTMENT FUNDS TRUST SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HYPERION BROOKFIELD COLLATERALIZED SECURITIES FUND INC CENTRAL INDEX KEY: 0001269357 IRS NUMBER: 200362193 STATE OF INCORPORATION: MD FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-79426 FILM NUMBER: 071323663 BUSINESS ADDRESS: STREET 1: THREE WORLD FINANCIAL CENTER STREET 2: 200 VESEY STREET, 10TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10281-1010 BUSINESS PHONE: 212 549 8400 MAIL ADDRESS: STREET 1: THREE WORLD FINANCIAL CENTER STREET 2: 200 VESEY STREET, 10TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10281-1010 FORMER COMPANY: FORMER CONFORMED NAME: HYPERION COLLATERALIZED SECURITIES FUND INC DATE OF NAME CHANGE: 20031107 FORMER COMPANY: FORMER CONFORMED NAME: HYPERION COLLATERALIZED SECURITIES FLOATING RATE FUND INC DATE OF NAME CHANGE: 20031106 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GENERAL MOTORS INVESTMENT MANAGEMENT CORP CENTRAL INDEX KEY: 0000883422 IRS NUMBER: 382903925 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: STATE STREET BANK STREET 2: 1 ENTERPRISE DRIVE CITY: QUINCY STATE: MA ZIP: 02171 MAIL ADDRESS: STREET 1: STATE STREET BANK STREET 2: 1 ENTERPRISE DRIVE CITY: QUINCY STATE: MA ZIP: 02171 SC 13D/A 1 dsc13da.htm AMENDMENT NO. 12 TO SCHEDULE 13-D Amendment No. 12 to Schedule 13-D

OMB APPROVAL

OMB Number:    3235-0145

Expires:               December 31, 2005

Estimated average burden

hours per response...........11

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Schedule 13D

 

Under the Securities Exchange Act of 1934

(Amendment No. 12)*

 

 

 

Hyperion Brookfield Collateralized Securities Fund, Inc.


(Name of Issuer)

 

Common Stock, $0.01 par value


(Title of Class of Securities)

 

Not Applicable.


(CUSIP Number)

 

Ellen Oster, Esq., 767 Fifth Avenue, New York, New York 10153, (212) 418-6126


(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

 

December 6, 2007


(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

Note:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

The information required on 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).


  1  

NAME OF REPORTING PERSON

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON:

   
   

            GMAM Investment Funds Trust

            13-3160892

   
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)  
  (a)  ¨  
    (b)  ¨    
  3   SEC USE ONLY  
         
  4   SOURCE OF FUNDS (See Instructions)  
                00    
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)   ¨
         
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
                 New York    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

    7  SOLE VOTING POWER
 
                  0
    8  SHARED VOTING POWER
 
                  18,325,941.58 shares. (See Item 5 below)
    9  SOLE DISPOSITIVE POWER
 
                  0
  10  SHARED DISPOSITIVE POWER
 
                  18,325,941.58 shares. (See Item 5 below)
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    
                18,325,941.58 shares. (See Item 5 below)    
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)  
         
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
                18,325,941.58 shares represent 27.43% of the issued and outstanding shares as of the date of event.
14   TYPE OF REPORTING PERSON (See Instructions)  
                EP    

 

Page 2 of 18 Pages


  1  

NAME OF REPORTING PERSON

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON:

   
   

            GMAM Group Pension Trust I

            01-0719298

   
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)  
  (a)  ¨  
    (b)  ¨    
  3   SEC USE ONLY  
         
  4   SOURCE OF FUNDS (See Instructions)  
                00    
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)   ¨
         
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
                 New York    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

    7  SOLE VOTING POWER
 
                  0
    8  SHARED VOTING POWER
 
                  46,117,328.15 shares. (See Item 5 below)
    9  SOLE DISPOSITIVE POWER
 
                  0
  10  SHARED DISPOSITIVE POWER
 
                  46,117,328.15 shares. (See Item 5 below)
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    
                46,117,328.15 shares. (See Item 5 below)    
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)  
         
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
                46,117,328.15 shares represent 69.03% of the issued and outstanding shares as of the date of event.
14   TYPE OF REPORTING PERSON (See Instructions)  
                EP    

 

Page 3 of 18 Pages


  1  

NAME OF REPORTING PERSON

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:

   
   

            General Motors Investment Management Corporation

            382903925

   
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)  
  (a)  ¨  
    (b)  ¨    
  3   SEC USE ONLY  
         
  4   SOURCE OF FUNDS (See Instructions)  
                00    
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)   ¨
         
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
                 Delaware    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

    7  SOLE VOTING POWER
 
                  0
    8  SHARED VOTING POWER
 
                  64,443,269.73 shares. (See Item 5 below)
    9  SOLE DISPOSITIVE POWER
 
                  0
  10  SHARED DISPOSITIVE POWER
 
                  64,443,269.73 shares. (See Item 5 below)
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    
                64,443,269.73 shares. (See Item 5 below)    
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)   ¨
         
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
                64,443,269.73 shares represent 96.46% of the issued and outstanding shares as of the date of event.
14   TYPE OF REPORTING PERSON (See Instructions)  
                IA, CO    

 

Page 4 of 18 Pages


  1  

NAME OF REPORTING PERSON

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:

   
                General Motors Trust Bank, National Association    
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)  
  (a)  ¨  
    (b)  ¨    
  3   SEC USE ONLY  
         
  4   SOURCE OF FUNDS (See Instructions)  
                00    
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)   ¨
         
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
                 United States    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

    7  SOLE VOTING POWER
 
                  0
    8  SHARED VOTING POWER
 
                  18,325,941.58 shares. (See Item 5 below)
    9  SOLE DISPOSITIVE POWER
 
                  0
  10  SHARED DISPOSITIVE POWER
 
                  18,325,941.58 shares. (See Item 5 below)
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    
                18,325,941.58 shares. (See Item 5 below)    
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)   ¨
         
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
                18,325,941.58 shares represent 27.43% of the issued and outstanding shares as of the date of event.
14   TYPE OF REPORTING PERSON (See Instructions)  
                BK    

 

Page 5 of 18 Pages


Item 1. Security and Issuer

This Amendment Number 12 amends and supplements the Statement on Schedule 13D (the “Schedule 13D”), as amended by Amendment Number 1 thereto on January 12, 2004 (“Amendment No. 1”), as further amended by Amendment Number 2 thereto on February 4, 2004 (“Amendment No. 2”), as further amended by Amendment Number 3 thereto on April 5, 2004 (“Amendment No. 3”), as further amended by Amendment Number 4 thereto on May 12, 2004 (“Amendment No. 4”), as further amended by Amendment Number 5 thereto on June 3, 2004 (“Amendment No. 5”), as further amended by Amendment No. 6 thereto on June 23, 2004 (“Amendment No. 6”), as further amended by Amendment No. 7 thereto on May 11, 2005 (“Amendment No. 7”), as further amended by Amendment No. 8 thereto on September 21, 2005 (“Amendment No. 8”), as further amended by Amendment No. 9 thereto on October 31, 2005 (“Amendment No. 9”), as further amended by Amendment No. 10 thereto on October 16, 2006, and as further amended by Amendment No. 11 thereto on November 28, 2007, filed by GMAM Group Pension Trust I (the “GMAM I Trust”), a trust formed pursuant to the laws of the State of New York under and for the benefit of certain employee benefit plans of General Motors Corporation (“GM”) (the “Plans”); General Motors Investment Management Corporation, a Delaware corporation (“GMIMCo”), a wholly-owned subsidiary of GM which is registered as an investment adviser under the Investment Advisers Act of 1940, as amended; GMAM Investment Funds Trust (the “GIFT Trust”), a trust formed pursuant to the laws of the State of New York under and for the benefit of certain Plans; and General Motors Trust Bank, National Association, a national bank subject to regulation by the Office of the Comptroller of the Currency, as trustee of the GIFT Trust (“GMTB”). The GMAM I Trust, the GIFT Trust, GMIMCo and GMTB are referred to herein as the “Reporting Persons.” Capitalized terms used and not defined in this Amendment have the meanings set forth in the Schedule 13D. Items 3, 4, 5, 6 and 7 are hereby amended and supplemented as follows.

Item 3. Source and Amount of Funds or Other Consideration

The GMAM I Trust paid $100 million to the Fund on December 17, 2003 in exchange for 10,000,000 shares of common stock of the Fund (“Shares”). The GIFT Trust paid $50 million to the Fund on January 2, 2004 in exchange for 5,000,000 Shares. The GMAM I Trust paid $50 million to the Fund on February 2, 2004 in exchange for 4,963,698.49 Shares. The GIFT Trust paid $50 million to the Fund on April 1, 2004 in exchange for 4,906,771.34 Shares. The GIFT Trust paid $50 million to the Fund on May 10, 2004 in exchange for 4,926,108.37 Shares. The GMAM I Trust paid $60 million to the Fund on June 1, 2004 in exchange for 5,928,853.75 Shares. The GIFT Trust paid $50 million to the Fund on June 21, 2004 in exchange for 4,926,108.37 Shares. The GMAM I Trust paid $50 million to the Fund on May 2, 2005 in exchange for 4,752,851.71 Shares. The GIFT Trust paid $50 million to the Fund on September 1, 2005 in exchange for 4,897,159.647 Shares. The GMAM I Trust paid $27.5 million to the Fund on October 3, 2005 in exchange for 2,693,437.806 Shares. The GMAM I Trust paid $20 million to the Fund on September 1, 2006 in exchange for 1,937,984.50 Shares. The GMAM I Trust paid $50 million to the Fund on November 1, 2007 in exchange for 6,553,079.948 Shares. The source of the consideration for such acquisitions is the assets of certain of the Plans. On December 6, 2007, the GIFT Trust sold 14,164,305.95 shares to the Fund in the Fund’s tender offer in exchange for $100 million.

Item 4. Purpose of Transaction

The purpose of the acquisitions of Shares was to acquire an interest in the Fund, which is a non-diversified closed-end management investment company whose investment objective is to provide high total return by investing predominantly in asset-backed securities and mortgage-backed securities. The purpose of the disposition of Shares by the GIFT Trust in the Fund’s tender offer, which expired on December 6, 2007, was to liquidate a portion of its holdings in the Fund. As of December 10, 2007, GMTB managed for the benefit of the GIFT Trust an aggregate of 18,325,941.58 Shares, representing 27.43% of the 66,802,879.93 then issued and outstanding Shares.

 

Page 6 of 18 Pages


Except for proposed periodic acquisitions or dispositions of additional Shares by the GMAM I Trust and the GIFT Trust, none of the Reporting Persons, GM or, to the best knowledge of the Reporting Persons, any person identified on Appendix A has any plans or proposals that would result in or relate to any of the transactions described in paragraph (a) through (j) of Item 4 of Schedule 13D.

The various trusts established under the Plans invest in a variety of investment media, including publicly traded and privately placed securities. Such investments could include Shares and/or other securities of the Issuer in addition to those referred to in this Statement (“Additional Securities”). The investment and voting decisions regarding any Additional Securities which might be owned by such trusts are made by the trustees thereof or unrelated investment managers, who, in so acting, act independently of the Reporting Persons (although the appointment of such investment managers is subject to authorization of and termination by GMIMCo and/or GMTB). No information regarding any such holdings by such trusts under the Plans is contained in this Statement.

Item 5. Interest in Securities of the Issuer

(a)-(b) On December 10, 2007, GMTB managed for the benefit of the GIFT Trust an aggregate of 18,325,941.58 Shares, representing 27.43% of the 66,802,879.93 then issued and outstanding Shares. As of December 10, 2007, each of the GIFT Trust, by virtue of its ownership of the Shares, and GMIMCo and GMTB, by virtue of their shared voting and dispositive power over 18,325,941.58 Shares, may be deemed to own beneficially (as that term is defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the “Act”)) all Shares the GIFT Trust has and may acquire. As of December 10, 2007, each of the GMAM I Trust, by virtue of its ownership of the Shares and GMIMCo, by virtue of its shared voting and dispositive power over 46,117,328.15 Shares, may be deemed to own beneficially (as that term is defined in Rule 13d-3 under the Act) all Shares the GMAM I Trust has and may acquire. Pursuant to Rule 13d-4, the Reporting Persons expressly declare that the filing of this Amendment shall not be construed as an admission that any such Person is, for the purposes for §§13(d) or 13(g) of the Act, the beneficial owner of any securities covered by this Amendment.

Neither GM nor, to the best knowledge of the Reporting Persons, any of the persons named in Appendix A own beneficially (as that term is defined in Rule 13d-3 under the Act) any Shares.

(c) The following transactions were effected since November 28, 2007:

 

Identity of Entity

 

Date of Transaction

 

Type of Security

 

Nature of Transaction

 

Number of Securities

 

Price Per Share

GIFT Trust   December 6, 2007   Common Stock   Tender offer   14,164,305.95   $7.06
         

(d) GMIMCo as the named fiduciary of the Plans with respect to investments has the authority to direct GMTB to make payments from the GIFT Trust (which may include dividends from or proceeds from the sale of Shares held by the GIFT Trust) to other trusts under the Plans and to other persons.

(e) Not applicable.

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

Other than the GMAM I Trust’s subscription agreement dated December 17, 2003, which was filed with the Schedule 13D as Exhibit 1 and is incorporated herein by reference, the GIFT Trust’s subscription agreement dated January 2, 2004, which was filed with Amendment No. 1 as Exhibit 1 and is incorporated herein by reference, the GMAM I Trust’s subscription agreement dated February 2, 2004, which was filed with Amendment No. 2 as Exhibit 1 and is incorporated herein by reference, the GIFT Trust’s subscription agreement dated April 1, 2004, which was filed with Amendment No. 3 as Exhibit 1 and is incorporated herein by reference, and the GIFT Trust’s subscription agreement dated May 10,

 

Page 7 of 18 Pages


2004, which was filed with Amendment No. 4 and is incorporated herein by reference, the GMAM I Trust’s subscription agreement dated June 1, 2004, which was filed with Amendment No. 5 as Exhibit 1 and is incorporated herein by reference, the GIFT Trust’s subscription agreement dated June 21, 2004, which was filed with Amendment No. 6 as Exhibit 1 and is incorporated herein by reference, the GMAM I Trust’s subscription agreement dated May 2, 2005, which was filed with Amendment No. 7 as Exhibit 1 and is incorporated herein by reference, the GIFT Trust’s subscription agreement dated September 1, 2005, which was filed with Amendment No. 8 as Exhibit 1 and is incorporated herein by reference, the GMAM I Trust’s subscription agreement dated October 3, 2005, which was filed with Amendment No. 9 as Exhibit 1 and is incorporated herein by reference, the GMAM I Trust’s subscription agreement dated September 1, 2006, which was filed with Amendment No. 10 as Exhibit 1 and is incorporated herein by reference, and the GMAM I Trust’s subscription agreement dated November 1, 2007, which was filed with Amendment No. 11 as Exhibit 1 and is incorporated herein by reference, and the other agreements described in Item 4 or Item 5 above, there are no contracts, agreements, understandings, or relationships between GM, the GMAM I Trust, the GIFT Trust, GMIMCo or GMTB or, to the best of its knowledge, any executive officer or director of GM, the GMAM I Trust, the GIFT Trust, GMIMCo or GMTB and any other person with respect to any securities of the Issuer, finder’s fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies.

 

Page 8 of 18 Pages


Item 7. Material to be filed as Exhibits

EXHIBIT 1 - Joint Filing Agreement dated December 21, 2007, among the Reporting Persons pursuant to Rule 13d-1(k) under the Act

 

Page 9 of 18 Pages


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.

 

GMAM INVESTMENT FUNDS TRUST
(by General Motors Trust Bank, National Association)
By:  

/s/ Duen-Li Kao

Name:   Duen-Li Kao
Title:   Senior Managing Director, Global Public Markets,
  General Motors Trust Bank, National
  Association

Date: December 21, 2007

 

Page 10 of 18 Pages


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.

 

STATE STREET BANK AND TRUST COMPANY,
as trustee for GMAM GROUP PENSION TRUST I
(as directed by General Motors Investment Management Corporation)
By:  

/s/ Jason R. Butler

Name:   Jason R. Butler
Title:   Vice President

Date: December 21, 2007

 

Page 11 of 18 Pages


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.

 

GENERAL MOTORS INVESTMENT

MANAGEMENT CORPORATION

By:  

/s/  Duen-Li Kao

Name:   Duen-Li Kao
Title:   Senior Managing Director, Global Public Markets

Date: December 21, 2007

 

Page 12 of 18 Pages


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.

 

GENERAL MOTORS TRUST BANK, NATIONAL
ASSOCIATION
By:  

/s/  Duen-Li Kao

Name:   Duen-Li Kao
Title:   Senior Managing Director, Global Public Markets

Date: December 21, 2007

 

Page 13 of 18 Pages


APPENDIX A

DIRECTORS AND EXECUTIVE OFFICERS OF

GENERAL MOTORS CORPORATION

The name, business address, present principal occupation or employment, and the name, principal business and address of any corporation or other organization in which such employment is conducted, of each of the directors and executive officers of General Motors Corporation is set forth below. Unless otherwise specified, the business address of each person listed below is 300 Renaissance Center, Detroit, Michigan 48265-3000.

 

NAME AND BUSINESS ADDRESS

  

POSITION WITH GM

  

PRINCIPAL OCCUPATION, IF

OTHER THAN AS EXECUTIVE

OFFICER OF GM

Percy N. Barnevik    Director   
Erskine B. Bowles    Director    President, The University of North Carolina
John H. Bryan    Director   
Armando M. Codina    Director    Chairman and Chief Executive Officer, Flagler Development Groups
Erroll B. Davis, Jr.    Director    Chancellor, University System of Georgia
George M. C. Fisher    Director   
Frederick A. Henderson    Vice Chairman and Chief Financial Officer   
Karen Katen    Director    Chairman, Pfizer Foundation
Kent Kresa    Director   
Ellen J. Kullman    Director    Executive Vice President - Safety & Protection; Coatings & Color Technologies; Marketing and Sales; Safety and Sustainability, E.I. du Pont de Nemours and Company
Philip A. Laskawy    Director   
Robert A. Lutz    Vice Chairman of Global Product Development   
Kathryn V. Marinello    Director    President and Chief Executive Officer, Ceridian Corporation
Robert S. Osborne    Group Vice President and General Counsel   
Eckhard Pfeiffer    Director   
G. Richard Wagoner, Jr.    Chairman and Chief Executive Officer   

 

Page 14 of 18 Pages


APPENDIX A

DIRECTORS AND EXECUTIVE OFFICERS OF

GENERAL MOTORS INVESTMENT MANAGEMENT CORPORATION

The name, business address, present principal occupation or employment, and the name, principal business and address of any corporation or other organization in which such employment is conducted, of each of the directors and executive officers of General Motors Investment Management Corporation is set forth below. Unless otherwise specified, the business address of each person listed below is 767 Fifth Avenue, New York, New York 10153.

 

NAME AND BUSINESS ADDRESS

  

POSITION WITH GMIMCo

  

PRINCIPAL OCCUPATION, IF

OTHER THAN AS EXECUTIVE

OFFICER OF GMIMCo

Barbara A. Barrese    Secretary   
Z. Jamie Behar    Managing Director, Real Estate and Alternative Investments   
Michael P. Cloherty    Deputy Chief Operating Officer   
Nancy C. Everett    Chairman of the Board of Directors, Chief Executive Officer and Chief Investment Officer   
David Hartman    Vice President and General Counsel   
Elizabeth J. Kale    Chief Client Officer   
Duen-Li Kao    Senior Managing Director, Global Public Markets   
Michael E. Klehm    Director, President and Chief Operating Officer   
B. Jack Miller    Director, Senior Adviser   
Mary A. Mullin    Chief Compliance Officer   
Charles G. Preseau    Chief Financial Officer and Treasurer   
Robin H. Rocchi    Vice President, Investment Programs   
Carlos Rosa    Vice President, Sales and Marketing   
James H. Scott    Managing Director, Global Public Markets   
John S. Stevens    Managing Director, Absolute Return Strategies   
Edgar J. Sullivan    Managing Director, Investment Research   
Mark R. Szycher    Vice President, Enterprise Risk Management   

 

Page 15 of 18 Pages


APPENDIX A

DIRECTORS AND EXECUTIVE OFFICERS OF

GENERAL MOTORS TRUST BANK, NATIONAL ASSOCIATION

The name, business address, present principal occupation or employment, and the name, principal business and address of any corporation or other organization in which such employment is conducted, of each of the directors and executive officers of General Motors Trust Bank, National Association is set forth below. Unless otherwise specified, the business address of each person listed below is 767 Fifth Avenue, New York, New York 10153.

 

NAME AND BUSINESS ADDRESS

  

POSITION WITH GMTB

  

PRINCIPAL OCCUPATION, IF

OTHER THAN AS EXECUTIVE

OFFICER OF GMTB

Barbara A. Barrese    Secretary   
Z. Jamie Behar    Managing Director, Real Estate and Alternative Investments   
Michael P. Cloherty    Deputy Chief Operating Officer   
Nancy C. Everett    Chairman of the Board of Directors, Chief Executive Officer and Chief Investment Officer   
David Hartman    Vice President and General Counsel   
Elizabeth J. Kale    Chief Client Officer   
Duen-Li Kao    Senior Managing Director, Global Public Markets   
Michael E. Klehm    Director, President and Chief Operating Officer and Trust Officer   

Scott G. Koeber

  

Director

   Chief Compliance Officer, Performance Equity Management, LLC
B. Jack Miller    Director, Senior Adviser   
Mary A. Mullin    Chief Compliance Officer   
Charles G. Preseau    Chief Financial Officer and Treasurer   
Robin H. Rocchi    Vice President, Investment Programs   
Carlos Rosa    Vice President, Sales and Marketing   
James H. Scott    Managing Director, Global Public Markets   
John S. Stevens    Managing Director, Absolute Return Strategies   
Edgar J. Sullivan    Managing Director, Investment Research   

Mark R. Szycher

  

Vice President, Enterprise Risk Management

  
G. Michael Watry   

Director, Portfolio Manager,

Real Estate and Alternative Investments

  

 

Page 16 of 18 Pages


EXHIBIT INDEX

 

EXHIBIT 1   Joint Filing Agreement dated December 21, 2007 among the Reporting Persons pursuant to Rule 13d-1(k) under the Act

 

Page 17 of 18 Pages


Exhibit 1

JOINT FILING AGREEMENT

This will confirm the agreement by and among all the undersigned that Amendment No. 12 to the Schedule 13D filed on or about this date with respect to the beneficial ownership by the undersigned of shares of common stock, par value $.01 per share, of Hyperion Brookfield Collateralized Securities Fund, Inc. is being, and any and all amendments to such Schedule may be, filed on behalf of each of the undersigned. This Agreement may be executed in two or more counterparts, each of which will be deemed an original, but all of which together shall constitute one and the same instrument.

Dated: December 21, 2007

 

GMAM INVESTMENT FUNDS TRUST (by General Motors Trust Bank, National Association)
By:  

/s/  Duen-Li Kao

Name:   Duen-Li Kao
Title:   Senior Managing Director, Global Public Markets,
  General Motors Trust Bank, National
  Association
STATE STREET BANK AND TRUST COMPANY, as trustee for GMAM GROUP PENSION TRUST I
(as directed by General Motors Investment Management Corporation)
By:  

/s/  Jason R. Butler

Name:   Jason R. Butler
Title:   Vice President
GENERAL MOTORS INVESTMENT MANAGEMENT CORPORATION
By:  

/s/  Duen-Li Kao

Name:   Duen-Li Kao
Title:   Senior Managing Director, Global Public Markets
GENERAL MOTORS TRUST BANK, NATIONAL ASSOCIATION
By:  

/s/  Duen-Li Kao

Name:   Duen-Li Kao
Title:   Senior Managing Director, Global Public Markets

 

Page 18 of 18 Pages

-----END PRIVACY-ENHANCED MESSAGE-----