-----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, IYA8CHryJRA7gW4uzN9ooo9BOKgIdFrJexBiwSAI0nmUELXNlYpqIkd2dpM8SaJu v5DqPtoWpgBUIHodhIyE0Q== 0000909518-05-000549.txt : 20050728 0000909518-05-000549.hdr.sgml : 20050728 20050727212219 ACCESSION NUMBER: 0000909518-05-000549 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20050728 DATE AS OF CHANGE: 20050727 GROUP MEMBERS: BARRY S. BLATTMAN GROUP MEMBERS: BREF ONE, LLC GROUP MEMBERS: PARTNERS LIMITED SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CRIIMI MAE INC CENTRAL INDEX KEY: 0000847322 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 521622022 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-40622 FILM NUMBER: 05978857 BUSINESS ADDRESS: STREET 1: 11200 ROCKVILLE PIKE CITY: ROCKVILLE STATE: MD ZIP: 20852 BUSINESS PHONE: 3012554700 MAIL ADDRESS: STREET 1: 11200 ROCKVILLE PIKE CITY: ROCKVILLE STATE: MD ZIP: 20852 FORMER COMPANY: FORMER CONFORMED NAME: CRI INSURED MORTGAGE ASSOCIATION INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BRASCAN CORP/ CENTRAL INDEX KEY: 0001001085 STANDARD INDUSTRIAL CLASSIFICATION: LAND SUBDIVIDERS & DEVELOPERS (NO CEMETERIES) [6552] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: BCE PLACE 181 BAY ST STREET 2: STE 4400 PO BOX 762 CITY: TORONTO ONTARIO STATE: A6 BUSINESS PHONE: 4163639491 MAIL ADDRESS: STREET 1: HAYTHE & CURLEY STREET 2: 237 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 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 13D/A 1 jd7-27_13da2.txt ================================================================================ SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ----------- SCHEDULE 13D (Rule 13d-101) Under the Securities Exchange Act of 1934 (Amendment No. 2) ----------- CRIIMI MAE Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 950241109 - -------------------------------------------------------------------------------- (CUSIP Number) Mr. Barry S. Blattman BREF One, LLC One Liberty Plaza New York, New York 10006 (212) 417-7276 with a copy to: Raymond O. Gietz, Esq. Weil, Gotshal & Manges LLP 767 Fifth Avenue New York, New York 10153 (212) 310-8000 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Persons Authorized to Receive Notices and Communications) July 27, 2005 - -------------------------------------------------------------------------------- (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 Rules 13d-1(e), 13d-1(f) or 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 Rule 13d-7 for other parties to whom copies are to be sent. (Continued on following pages) Page 1 of 13 Pages 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). ================================================================================
- ------------------------------------------------------- ------------------------------------------------------------- Page 2 of 13 Pages - ------------------------------------------------------- ------------------------------------------------------------- - -------------- ---------------------------------------- -------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS: BREF One, LLC I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): - -------------- ----------------------------------------------------------------------------------------------------- ------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [_] (b) [x] - -------------- ------------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------- ----------------------- ------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: N/A - -------------- ----------------------------------------------------------------------------------------------------- ------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] - -------------- ----------------------------------------------------- ------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware - ----------------------- ----- -------------------------------------- ------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 1,549,452 SHARES ----- -------------------------------------- ------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 0 OWNED BY ----- -------------------------------------- ------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 1,549,452 REPORTING ----- -------------------------------------- ------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 - -------------- ------------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,549,452 - -------------- ----------------------------------------------------------------------------------------------------- ------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_] - -------------- ------------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 9.7% - -------------- ---------------------------------------- -------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: OO - -------------- ---------------------------------------- -------------------------------------------------------------------------- - ------------------------------------------------------- ------------------------------------------------------------- Page 3 of 13 Pages - ------------------------------------------------------- ------------------------------------------------------------- - -------------- ---------------------------------------- -------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: Brascan Corporation I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): - -------------- ----------------------------------------------------------------------------------------------------- ------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [_] (b) [x] - -------------- ------------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------- ----------------------- ------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: N/A - -------------- ----------------------------------------------------------------------------------------------------- ------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] - -------------- ----------------------------------------------------- ------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Ontario - ----------------------- ----- -------------------------------------- ------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 1,549,452 SHARES ----- -------------------------------------- ------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 0 OWNED BY ----- -------------------------------------- ------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 1,549,452 REPORTING ----- -------------------------------------- ------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 - -------------- ------------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,549,452 - -------------- ----------------------------------------------------------------------------------------------------- ------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_] - -------------- ------------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 9.7% - -------------- ---------------------------------------- -------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: CO - -------------- ---------------------------------------- -------------------------------------------------------------------------- - ------------------------------------------------------- ------------------------------------------------------------- Page 4 of 13 Pages - ------------------------------------------------------- ------------------------------------------------------------- - -------------- ---------------------------------------- -------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: Partners Limited (formerly known as EdperPartners Limited) I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): - -------------- ----------------------------------------------------------------------------------------------------- ------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [_] (b) [x] - -------------- ------------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------- ----------------------- ------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: N/A - -------------- ----------------------------------------------------------------------------------------------------- ------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] - -------------- ----------------------------------------------------- ------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Ontario - ----------------------- ----- -------------------------------------- ------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 1,549,452 SHARES ----- -------------------------------------- ------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 0 OWNED BY ----- -------------------------------------- ------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 1,549,452 REPORTING ----- -------------------------------------- ------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 - -------------- ------------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,549,452 - -------------- ----------------------------------------------------------------------------------------------------- ------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_] - -------------- ------------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 9.7% - -------------- ---------------------------------------- -------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: CO - -------------- ---------------------------------------- -------------------------------------------------------------------------- - ------------------------------------------------------- ------------------------------------------------------------- Page 5 of 13 Pages - ------------------------------------------------------- ------------------------------------------------------------- - -------------- ---------------------------------------- -------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: Barry S. Blattman I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): - -------------- ----------------------------------------------------------------------------------------------------- ------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [_] (b) [x] - -------------- ------------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------- ----------------------- ------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: N/A - -------------- ----------------------------------------------------------------------------------------------------- ------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_] - -------------- ----------------------------------------------------- ------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States - ----------------------- ----- -------------------------------------- ------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 1,549,452 SHARES ----- -------------------------------------- ------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 0 OWNED BY ----- -------------------------------------- ------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 1,549,452 REPORTING ----- -------------------------------------- ------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 - -------------- ------------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,549,452 - -------------- ----------------------------------------------------------------------------------------------------- ------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_] - -------------- ------------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 9.7% - -------------- ---------------------------------------- -------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: IN - -------------- ---------------------------------------- --------------------------------------------------------------------------
- ----------------------------------- ----------------------------------------- Page 6 of 13 Pages - ----------------------------------- ----------------------------------------- This Amendment No. 2 amends the Schedule 13D filed February 3, 2003 (the "Schedule 13D"), as amended by Amendment No. 1 filed February 23, 2005, and is filed by BREF One, LLC ("BREF One"), Brascan Corporation ("Brascan"), Partners Limited (formerly known as EdperPartners Limited) and Barry S. Blattman, with respect to the common stock, par value $0.01 per share (the "Common Stock"), of CRIIMI MAE Inc. (the "Company"). Capitalized terms used herein but not defined herein shall have the meanings attributed to them in the Schedule 13D. ITEM 2. IDENTITY AND BACKGROUND. Item 2 of the Schedule 13D is supplemented as follows: (a) Schedule II hereto sets forth a list of all the directors and executive officers, and their respective principal occupations and addresses, of Brascan. (d)-(e) During the last five years, none of Brascan and, to Brascan's knowledge, the persons set forth on Schedule II hereto have been: (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors); or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which, he, she or it was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or State securities laws or finding any violation with respect to such laws. (f) Set forth on Schedule II hereto is the citizenship of each of the directors and executive officers of Brascan. ITEM 4. PURPOSE OF TRANSACTION. Item 4 of the Schedule 13D is supplemented as follows: As reported in Amendment No. 1 to the Schedule 13D, on February 22, 2005, in response to invitations sent by the Company to a number of potential interested parties, BREF Partners, an affiliate of the Reporting Persons, submitted a preliminary indication of interest (the "Preliminary Indication of Interest") for the purchase of all the outstanding shares of the Common Stock not already owned by BREF Partners and its affiliates at a significant premium to the Company's adjusted book value as of December 31, 2004. The Preliminary Indication of Interest was non-binding and was only an expression of BREF Partners' then-current intention. On July 27, 2005, BREF Partners sent a letter to the Company's financial advisor, Citigroup Global Markets Inc. indicating that it no longer is interested in pursuing a transaction involving an acquisition of the Company or its assets. A copy of BREF Partners' letter is filed as Exhibit 99.6 hereto and is incorporated herein by reference. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. Item 5 of the Schedule 13D is supplemented as follows: - ----------------------------------- ----------------------------------------- Page 7 of 13 Pages - ----------------------------------- ----------------------------------------- (a)-(b) The responses of the Reporting Persons to Rows (11) through (13) of the cover pages of this Amendment No. 2 are incorporated herein by reference. As of July 27, 2005, each of the Reporting Persons may be deemed to be the beneficial owner of an aggregate of 1,549,452 shares of Common Stock composed of (i) 1,212,617 shares of outstanding Common Stock and (ii) 336,835 shares of Common Stock purchasable under a warrant held by BREF One. Such shares constitute approximately 9.7% of the issued and outstanding shares of the Common Stock (based upon the 15,587,827 shares of the Common Stock stated to be issued and outstanding by the Company in its latest Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 6, 2005, plus the shares of Common Stock purchasable under the warrant described above). Each of the Reporting Persons may be deemed to have the sole power to vote or direct the vote of such shares or to dispose or direct the disposition of such shares. As of July 27, 2005, Jeffrey M. Blidner, managing partner and chairman of Brascan, beneficially owns 3,550 shares of Common Stock (comprised of 2,500 options to acquire Common Stock that are currently exercisable, and 1,050 restricted stock units (representing 1,050 notional shares of Common Stock) that are currently settleable under certain circumstances pursuant to the Company's Deferred Compensation Plan), representing a nominal percentage of the issued and outstanding shares of the Common Stock, of which Mr. Blidner would have the sole power to vote or direct the vote of such shares or to dispose or direct the disposition of such shares. Mr. Blidner disclaims beneficial ownership of the shares beneficially owned by the Reporting Persons. As of July 27, 2005, Bruce K. Robertson, president and chief executive officer of Brascan Asset Management, a subsidiary of Brascan, beneficially owns 1,362 shares of Common Stock (comprised of 1,362 restricted stock units (representing 1,362 notional shares of Common Stock) that are currently settleable under certain circumstances pursuant to the Company's Deferred Compensation Plan), representing a nominal percentage of the issued and outstanding shares of the Common Stock ,of which Mr. Robertson would have the sole power to vote or direct the vote of such shares or to dispose or direct the disposition of such shares. Mr. Robertson disclaims beneficial ownership of the shares beneficially owned by the Reporting Persons. (c) None of the Reporting Persons and, to the Reporting Persons' knowledge, the Scheduled Persons have effected any transaction in the Common Stock during the past 60 days, except that (i) Bruce K. Robertson received 298 restricted stock units (representing 298 notional shares of Common Stock) on July 1, 2005, in respect of fees received for serving on the Board of Directors of the Company and (ii) Jeffrey M. Blidner received 229 restricted stock units (representing 229 notional shares of Common Stock) on July 1, 2005, in respect of fees received for serving on the Board of Directors of the Company. ITEM 7. MATERIALS TO BE FILED AS EXHIBITS. Exhibit 99.6 Letter, dated July 27, 2005, from BREF Partners to the Company's financial advisor, Citigroup Global Markets Inc. - ----------------------------------- ----------------------------------------- Page 8 of 13 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. Dated: July 27, 2005 BREF ONE, LLC By: /s/ Theresa A. Hoyt ---------------------------------- Name: Theresa A. Hoyt Title: Vice President BRASCAN CORPORATION By: /s/ Joseph Freedman ---------------------------------- Name: Joseph Freedman Title: Senior Vice President EDPER PARTNERS LIMITED By: /s/ Brian Lawson ---------------------------------- Name: Brian Lawson Title: President BARRY S. BLATTMAN /s/ Barry S. Blattman -------------------------------------- - ----------------------------------- ----------------------------------------- Page 9 of 13 Pages - ----------------------------------- ----------------------------------------- SCHEDULE II BRASCAN CORPORATION Conrad M. Black Citizenship: United Kingdom Business Address: 10 Toronto Street, Toronto, Ontario M5C 2B7 Present Principal Occupation or Employment: Chairman and Chief Executive Officer Employer: Hollinger Inc. Employer's Business: Publishing company Employer's Address: Same as Employment Address James J. Blanchard Citizenship: United States Business Address: 901 - 15th Street N.W., Washington, D.C. 20005 Present Principal Occupation or Employment: Partner Employer: Piper Rudnick Employer's Business: Law firm Employer's Address: Same as Business Address Jeffrey M. Blidner Citizenship: Canada Business Address: BCE Place, 181 Bay Street, Suite 4400, Toronto, Ontario M5J 2T3 Present Principal Occupation or Employment: Managing Partner and Chairman Employer: Brascan Corporation Employer's Business: Real estate, power generation and financial services Employer's Address: Same as Business Address Jack L. Cockwell Citizenship: Canada Business Address: BCE Place, 181 Bay Street, Suite 4400, Toronto, Ontario M5J 2T3 Present Principal Occupation or Employment: Co-Chairman Employer: Brascan Corporation Employer's Business: Real estate, power generation and financial services Employer's Address: Same as Business Address John P. Curtin, Jr. Citizenship: United States Business Address: 85 Broad Street, 16th Floor, New York, N.Y. 10004 Present Principal Occupation or Employment: Managing Director, Investment Banking Division Employer: Goldman, Sachs & Co. Employer's Business: Investment banking company Employer's Address: Same as Business Address - ----------------------------------- ----------------------------------------- Page 10 of 13 Pages - ----------------------------------- ----------------------------------------- Roberto P.C. de Andrade Citizenship: Brazil Business Address: Rua Lauro Muller, 116 - 29(degree) andar, CEP. 22299. 900 Botafogo, Rio de Janeiro, Brazil Present Principal Occupation or Employment: Chairman and Director Employer: Brascan Brazil Ltd. Employer's Business: Real estate, agribusiness and financial services Employer's Address: Same as Business Address Sen. J. Trevor Eyton Citizenship: Canada Business Address: 44 Victoria Street, Suite #400, Toronto, Ontario M5C 1Y2 Present Principal Occupation or Employment: Member of the Senate of Canada Employer: The Senate of Canada Employer's Business: Government Employer's Address: Room 561-5, Centre Block, Parliament Buildings, Ottawa, Ontario K1A 0A4 J. Bruce Flatt Citizenship: Canada Business Address: BCE Place, 181 Bay Street, Suite 4400, Toronto, Ontario M5J 2T3 Present Principal Occupation or Employment: President & Chief Executive Officer Employer: Brascan Corporation Employer's Business: Real estate, power generation and financial services Employer's Address: Same as Business Address Julia E. Foster Citizenship: Canada Business Address: 151 Bloor Street West, 5th Floor, Toronto, Ontario M5S 1T6 Present Principal Occupation or Employment: Chair Employer: Ontario Arts Council Employer's Business: Arts funding organization Employer's Address: Same as Business Address James K. Gray Citizenship: Canada Business Address: 605 Fifth Ave. S.W., Suite 2800, Calgary, Alberta T2P 3H5 Present Principal Occupation or Employment: Corporate Director Employer: N/A Employer's Business: N/A Employer's Address: N/A Lynda C. Hamilton Citizenship: Canada Business Address: BCE Place, 181 Bay Street, Suite 4420, Toronto, Ontario M5J 2T3 Present Principal Occupation or Employment: President Employer: Edper Investments Limited Employer's Business: Investment company Employer's Address: Same as Business Address - ----------------------------------- ----------------------------------------- Page 11 of 13 Pages - ----------------------------------- ----------------------------------------- Robert J. Harding Citizenship: Canada Business Address: BCE Place, 181 Bay Street, Suite 4400, Toronto, Ontario M5J 2T3 Present Principal Occupation or Employment: Chairman Employer: Brascan Corporation Employer's Business: Real estate, power generation and financial services Employer's Address: Same as Business Address David W. Kerr Citizenship: Canada Business Address: BCE Place, 181 Bay Street, Suite 4100, Toronto, Ontario M5J 2T3 Present Principal Occupation or Employment: Chairman Employer: Noranda Inc. Employer's Business: Mining and metallurgy Employer's Address: Same as Business Address Philip B. Lind Citizenship: Canada Business Address: 333 Bloor Street E., 10th Floor, Toronto, Ontario M4W 1G9 Present Principal Occupation or Employment: Vice-Chairman Employer: Rogers Communications Inc. Employer's Business: Diversified communications company Employer's Address: Same as Business Address Roy MacLaren Citizenship: Canada Business Address: 121 King Street W., Suite 840, Toronto, Ontario M5H 3T9 Present Principal Occupation or Employment: Corporate Director Employer: N/A Employer's Business: N/A Employer's Address: N/A Jack M. Mintz Citizenship: Canada Business Address: 125 Adelaide Street E., Toronto, Ontario M5C 1L7 Present Principal Occupation or Employment: President & Chief Executive Officer Employer: C.D. Howe Institute Employer's Business: Public policy institute Employer's Address: Same as Business Address Saul Shulman Citizenship: Canada Business Address: #2300 - 200 King Street W., Toronto, Ontario M5H 3W5 Present Principal Occupation or Employment: Senior Partner Employer: Goodman & Carr Employer's Business: Law firm Employer's Address: Same as Business Address - ----------------------------------- ----------------------------------------- Page 12 of 13 Pages - ----------------------------------- ----------------------------------------- George S. Taylor Citizenship: Canada Business Address: R.R. #3, 4675 Line 3, Street Marys, Ontario N4X 1C6 Present Principal Occupation or Employment: Corporate Director Employer: N/A Employer's Business: N/A Employer's Address: N/A Brian D. Lawson Citizenship: Canada Business Address: BCE Place, 181 Bay Street, Suite 4400, Toronto, Ontario M5J 2T3 Present Principal Occupation or Employment: Executive Vice-President and Chief Financial Officer Employer: Brascan Corporation Employer's Business: Real estate, power generation and financial services Employer's Address: Same as Business Address Edward C. Kress Citizenship: Canada Business Address: BCE Place, 181 Bay Street, Suite 4400, Toronto, Ontario M5J 2T3 Present Principal Occupation or Employment: Executive Vice President Employer: Brascan Corporation Employer's Business: Real estate, power generation and financial services Employer's Address: Same as Business Address
- ----------------------------------- ----------------------------------------- Page 13 of 13 Pages - ----------------------------------- ----------------------------------------- EXHIBIT INDEX ------------- Exhibit No. Description - ----------- ----------- Exhibit 99.6 Letter, dated July 27, 2005, from BREF Partners to the Company's financial advisor, Citigroup Global Markets Inc. EX-99 2 jd7-27ex99_6.txt 99.6 EXHIBIT 99.6 July 27, 2005 V. James Voorheis Citigroup Global Markets Inc. 388 Greenwich Street, 35th Street New York, NY 10013 Dear Mr. Voorheis: Referencing our previous written letter correspondence dated February 22, 2005, which described Brascan Real Estate Financial Partners' ("BREF") non-binding indication of interest to acquire 100% of the outstanding shares of Criimi Mae ("Criimi", or the "Company"), BREF is herewith withdrawing from consideration as an acquiror of the Company or its assets. Generally, our rationale for withdrawing as a bidder is driven by the recognition that the market has evolved significantly since February, most notably in the increased activities and investment appetite of various platforms that include subordinated CMBS as a core direct activity. These platforms typically have an infrastructure and return profile that is more appropriately targeted for an investment in these types of securities than does BREF. We believe that a strategic transaction involving one of those entities will result in the best economic opportunity for BREF and its fellow shareholders. As Criimi's largest shareholder, BREF and Brascan intend to work with Criimi to maximize the result of the strategic review process. Very truly yours, /s/ William M. Powell William M. Powell Partner -----END PRIVACY-ENHANCED MESSAGE-----