-----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, SCqSjNMLumU9r1c+9bGqDw3AHnuNUtyqsGxkSlYyK55VBGN8FpOkxBSRU2xWYtmS 8P/ddRWH98KIFo8VgKRxnA== 0000909518-07-000383.txt : 20070430 0000909518-07-000383.hdr.sgml : 20070430 20070430162122 ACCESSION NUMBER: 0000909518-07-000383 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070430 DATE AS OF CHANGE: 20070430 GROUP MEMBERS: BRASCAN (US) CORPORATION GROUP MEMBERS: HYPERION BROOKFIELD CRYSTAL RIVER CAPITAL ADVISORS, LLC GROUP MEMBERS: IMAGINE INSURANCE COMPANY LIMITED GROUP MEMBERS: PARTNERS LIMITED SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Crystal River Capital, Inc. CENTRAL INDEX KEY: 0001344705 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 202230150 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-82423 FILM NUMBER: 07800769 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 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BROOKFIELD ASSET MANAGEMENT INC. CENTRAL INDEX KEY: 0001001085 STANDARD INDUSTRIAL CLASSIFICATION: GEN BUILDING CONTRACTORS - RESIDENTIAL BUILDINGS [1520] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: BCE PLACE 181 BAY ST STREET 2: STE 300 PO BOX 762 CITY: TORONTO ONTARIO STATE: A6 ZIP: M5J2T3 BUSINESS PHONE: 4163639491 MAIL ADDRESS: STREET 1: BCE PLACE 181 BAY ST STREET 2: STE 300 PO BOX 762 CITY: TORONTO ONTARIO STATE: A6 ZIP: M5J2T3 FORMER COMPANY: FORMER CONFORMED NAME: BRASCAN CORP/ DATE OF NAME CHANGE: 20010321 FORMER COMPANY: FORMER CONFORMED NAME: EDPERBRASCAN CORP DATE OF NAME CHANGE: 19970904 FORMER COMPANY: FORMER CONFORMED NAME: BRASCAN LTD DATE OF NAME CHANGE: 19950919 SC 13G 1 mm04-3007_13g.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 Crystal River Capital, Inc. (Name of Issuer) Common Shares, par value $0.001 per share (Title of Class of Securities) 229393301 (CUSIP Number) December 31, 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: |_| Rule 13d-1(b) |_| Rule 13d-1(c) |X| 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. 229393301 SCHEDULE 13G Page 2 of 11 pages - ------------------- -------------------- - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS/ I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Brookfield Asset Management Inc. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) |_| (b) |X| -- Joint filing - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Ontario - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER 0 ---------------------------------------------------------------- 6. SHARED VOTING POWER NUMBER OF SHARES 1,806,966 BENEFICIALLY --------------------------------------------------------------- OWNED BY 7. SOLE DISPOSITIVE POWER EACH REPORTING 0 PERSON WITH --------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 1,806,966 - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,806,966 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) Not applicable |_| - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 7.2% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO, HC - -------------------------------------------------------------------------------- - ------------------- -------------------- CUSIP No. 229393301 SCHEDULE 13G Page 3 of 11 pages - ------------------- -------------------- - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS/ I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Partners Limited - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) |_| (b) |X| -- Joint filing - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Ontario - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER 0 ---------------------------------------------------------------- 6. SHARED VOTING POWER NUMBER OF SHARES 1,806,966 BENEFICIALLY --------------------------------------------------------------- OWNED BY 7. SOLE DISPOSITIVE POWER EACH REPORTING 0 PERSON WITH --------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 1,806,966 - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,806,966 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) Not applicable |_| - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 7.2% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO, HC - -------------------------------------------------------------------------------- - ------------------- -------------------- CUSIP No. 229393301 SCHEDULE 13G Page 4 of 11 pages - ------------------- -------------------- - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS/ I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Brascan (US) Corporation - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) |_| (b) |X| -- Joint filing - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER 0 ---------------------------------------------------------------- 6. SHARED VOTING POWER NUMBER OF SHARES 1,006,966 BENEFICIALLY --------------------------------------------------------------- OWNED BY 7. SOLE DISPOSITIVE POWER EACH REPORTING 0 PERSON WITH --------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 1,006,966 - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,006,966 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) Not applicable |_| - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 4.0% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO - -------------------------------------------------------------------------------- - ------------------- -------------------- CUSIP No. 229393301 SCHEDULE 13G Page 5 of 11 pages - ------------------- -------------------- - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS/ I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Imagine Insurance Company Limited 20191427 - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) |_| (b) |X| -- Joint filing - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Barbados - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER 0 ---------------------------------------------------------------- 6. SHARED VOTING POWER NUMBER OF SHARES 800,000 BENEFICIALLY --------------------------------------------------------------- OWNED BY 7. SOLE DISPOSITIVE POWER EACH REPORTING 0 PERSON WITH --------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 800,000 - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 800,000 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) Not applicable |_| - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 3.2% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO - -------------------------------------------------------------------------------- - ------------------- -------------------- CUSIP No. 229393301 SCHEDULE 13G Page 6 of 11 pages - ------------------- -------------------- - -------------------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS/ I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Hyperion Brookfield Crystal River Capital Advisors, LLC - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) |_| (b) |X| -- Joint filing - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER 0 ---------------------------------------------------------------- 6. SHARED VOTING POWER NUMBER OF SHARES 6,966 BENEFICIALLY --------------------------------------------------------------- OWNED BY 7. SOLE DISPOSITIVE POWER EACH REPORTING 0 PERSON WITH --------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 6,966 - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,966 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) Not applicable |_| - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 Less than 1% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO - -------------------------------------------------------------------------------- - ------------------- -------------------- CUSIP No. 229393301 SCHEDULE 13G Page 7 of 11 pages - ------------------- -------------------- Item 1(a). Name of Issuer Crystal River Capital, Inc. Item 1(b). Address of Issuer's Principal Executive Offices Three World Financial Center, 200 Vesey Street, 10th Floor New York, NY 10281-1010 Item 2. (a) - (c) Name of Person Filing; Address of Principal Business Office or, if none, Residence; Citizenship This statement is being filed by: Brookfield Asset Management Inc., an Ontario, Canada corporation ("BAM"); Partners Limited, an Ontario, Canada corporation ("Partners"); Brascan (US) Corporation, a Delaware corporation ("BUSC"); Imagine Insurance Company Limited, a Bermuda corporation ("Imagine"); and Hyperion Brookfield Crystal River Capital Advisors, LLC, a Delaware limited liability company("Hyperion"). The agreement among each of BAM, Partners, BUSC, Imagine and Hyperion that this Schedule 13G be filed on behalf of each of them is attached hereto as Exhibit 1. Partners owns all of BAM's Class B Limited Voting Shares and approximately 17% of BAM's Class A Limited Voting Shares directly or indirectly on a fully diluted basis. BUSC is a direct or indirect wholly-owned subsidiary of BAM, and Hyperion is an indirect wholly-owned subsidiary of BUSC. Imagine is a direct or indirect majority-owned subsidiary of BAM. BAM, Partners and BUSC's principal business is located at BCE Place, 181 Bay Street, Suite 300, P.O. Box 762, Toronto, Ontario M5J 2T3. Imagine's principal business offices are located at Cedar Court, 2nd Floor, Wildey Business Park, St. Michael, BB14006, Barbados. Hyperion's principal business offices are located at Three World Financial Center, 200 Vesey Street, 10th Floor New York, NY 10281-1010. (d) - (e) Title of Class of Securities; CUSIP Number. This statement relates to the Common Stock of the Issuer, $.001 value per share. The CUSIP No. for such shares is 229393301. Item 3. Not applicable Item 4. Ownership (a) - (c). The response of BAM, Partners, BUSC, Imagine and Hyperion to Items 5, 6, 7, 8, 9 and 11 of each of their respective Cover Sheets which relate to the beneficial ownership of the Common Stock of the Issuer is incorporated herein by reference. - ------------------- -------------------- CUSIP No. 229393301 SCHEDULE 13G Page 8 of 11 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 Item 10. Certifications Not applicable - ------------------- -------------------- CUSIP No. 229393301 SCHEDULE 13G Page 9 of 11 pages - ------------------- -------------------- SIGNATURE After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. Date: April 30, 2007 BROOKFIELD ASSET MANAGEMENT INC. By: /s/ Joseph Freedman ----------------------------- Name: Joseph Freedman Title: Managing Partner PARTNERS LIMITED By: /s/ Loretta M. Corso ----------------------------- Name: Loretta M. Corso Title: Secretary BRASCAN (US) CORPORATION By: /s/ Barry Blattman ----------------------------- Name: Barry Blattman Title: Authorized Signatory IMAGINE INSURANCE COMPANY LIMITED By: /s/ George Gleadall ----------------------------- Name: George Gleadall Title: Director By: /s/ Kathy-Ann Christian ----------------------------- Name: Kathy-Ann Christian Title: Secretary HYPERION BROOKFIELD CRYSTAL RIVER CAPITAL ADVISORS, LLC By: /s/ John J. Feeney, Jr. ----------------------------- Name: John J. Feeney, Jr. Title: President and CEO - ------------------- -------------------- CUSIP No. 229393301 SCHEDULE 13G Page 10 of 11 pages - ------------------- -------------------- EXHIBIT INDEX Exhibit No. - ----------- 1 Joint Filing Agreement, dated April 30, 2007, among BAM, Partners, BUSC, Imagine and Hyperion. - ------------------- -------------------- CUSIP No. 229393301 SCHEDULE 13G Page 11 of 11 pages - ------------------- -------------------- EXHIBIT 1 JOINT FILING AGREEMENT We, the signatories of the Statement on Schedule 13G to which this Agreement is attached, hereby agree that such statement is, and any amendments thereto filed by any of us will be, filed on behalf of each of us. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original and all of which together shall constitute one instrument. Dated: April 30, 2007 BROOKFIELD ASSET MANAGEMENT INC. BRASCAN (US) CORPORATION By: /s/ Joseph Freedman By: /s/ Barry Blattman ----------------------------- ----------------------------- Name: Joseph Freedman Name: Barry Blattman Title: Managing Partner Title: Authorized Signatory PARTNERS LIMITED IMAGINE INSURANCE COMPANY LIMITED By: /s/ Loretta M. Corso By: /s/ George Gleadall ----------------------------- ----------------------------- Name: Loretta M. Corso Name: George Gleadall Title: Secretary Title: Director By: /s/ Kathy-Ann Christian ----------------------------- Name: Kathy-Ann Christian Title: Secretary HYPERION BROOKFIELD CRYSTAL RIVER CAPITAL ADVISORS, LLC By: /s/ John J. Feeney, Jr. ----------------------------- Name: John J. Feeney, Jr. Title: President and CEO -----END PRIVACY-ENHANCED MESSAGE-----