13F-HR 1 lincluden3f.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2008 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: Lincluden Management Limited Address: 1275 North Service Road W., Suite 607 Oakville, Ontario L6M3G4 Form 13F File Number: 028-11897 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: Alanna Sinclair-Whitty Title: Assistant Vice President and Secretary Phone: (905) 825-2457 Signature, Place, and Date of Signing: /s/ Alanna Sinclair-Whitty Oakville, Ontario, Canada April 29, 2008 ----------------------------- -------------------------- ---------------- [Signature] [City, State] [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 another 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 by other reporting manager(s).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 Form 13F Information Table Entry Total: 70 Form 13F Information Table Value Total: $733,658 (thousands) 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. Form 13F File Number Name -- -------------------- ----------------------------- 1 028-11931 Old Mutual (US) Holdings Inc.
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 -------- -------- -------- -------- ------------------- -------- -------- ----------------- TITLE OF CUSIP VALUE SHARES OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS NUMBER (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE AON CORP COM 037389103 $ 4,268 106,175 Shs DEFINED 1 106,175 AUTOLIV INC. COM 052800109 $ 3,156 62,885 Shs DEFINED 1 62,885 AXA SPON ADR 054536107 $ 1,021 28,295 Shs DEFINED 1 28,295 BANK OF AMERICA CORPORATION COM 060505104 $ 5,694 150,196 Shs DEFINED 1 150,196 BANK MONTREAL QUE COM 063671101 $ 38,185 853,865 Shs DEFINED 1 853,865 BANK NOVA SCOTIA HALIFAX COM 064149107 $ 36,403 803,515 Shs DEFINED 1 803,515 BARRICK GOLD INC. COM 067901108 $ 18,888 432,429 Shs DEFINED 1 432,429 BCE INC COM 05534B109 $ 14 390 Shs DEFINED 1 390 BP PLC SPON ADR 055622104 $ 2,569 42,365 Shs DEFINED 1 42,365 BROOKFIELD PPTYS CORP. COM 112900105 $ 1,959 1,016,720 Shs DEFINED 1 1,016,720 CAMECO CORP. COM 13321L108 $ 16,076 488,135 Shs DEFINED 1 488,135 CANADIAN NATURAL RESOURCES LTD. COM 136385101 $ 1,163 17,000 Shs DEFINED 1 17,000 CANADIAN PACIFIC RAILWAY COM 13645t100 $ 29,628 461,265 Shs DEFINED 1 461,265 CANETIC RESOURCES TRUST COM 137513107 $ 214 15,800 Shs DEFINED 1 15,800 CDN IMPERIAL BK OF COMMERCE COM 136069101 $ 29,762 462,635 Shs DEFINED 1 462,635 CEMEX SAB DE CV SPON ADR 151290889 $ 900 34,460 Shs DEFINED 1 34,460 CHEVRON COM 166764100 $ 4,818 56,445 Shs DEFINED 1 56,445 COCA-COLA COMPANY COM 191216100 $ 4,096 67,285 Shs DEFINED 1 67,285 COMCAST CORP. CL A 20030N101 $ 5,971 308,730 Shs DEFINED 1 308,730 DANAHER CORP DEL COM 235851102 $ 4,376 57,550 Shs DEFINED 1 57,550 DELL INC. COM 24702R101 $ 4,038 202,715 Shs DEFINED 1 202,715 DOW CHEMICAL COM 260543103 $ 3,410 92,540 Shs DEFINED 1 92,540 DU PONT E I DE NEMOURS & CO COM 263534109 $ 4,064 86,905 Shs DEFINED 1 86,905 ELDORADO GOLD CORP NEW COM 284902103 $ 9,455 1,372,230 Shs DEFINED 1 1,372,230 ENBRIDGE INC. COM 29250N105 $ $ 20 500 Shs DEFINED 1 500 FRANCE TELECOM SA SPON ADR 35177Q105 $ 1,843 54,880 Shs DEFINED 1 54,880 GLAXOSMITHKLINE PLC SPON ADR 37733W105 $ 1,697 40,005 Shs DEFINED 1 40,005 HARLEY DAVIDSON INC COM 412822108 $ 2,817 75,110 Shs DEFINED 1 75,110 HONEYWELL INTL INC COM 438516106 $ 4,584 81,255 Shs DEFINED 1 81,255 HSBC HLDGS PLC SPON ADR NEW 404280406 $ 3,997 48,565 Shs DEFINED 1 48,565 IMPERIAL OIL LTD COM NEW 453038408 $ 18,775 358,575 Shs DEFINED 1 358,575 ING GROEP N V SPON ADR 456837103 $ 2,928 78,360 Shs DEFINED 1 78,360 JOHNSON & JOHNSON COM 478160104 $ 6,767 104,315 Shs DEFINED 1 104,315 LOWES COMPANIES INC. COM 548661107 $ 4,132 180,133 Shs DEFINED 1 180,133 MANULIFE FINL CORP COM 56501R106 $ 44,683 1,168,545 Shs DEFINED 1 1,168,545 MATSUSHITA ELEC INDL SPONS ADR 576879209 $ 2,103 96,885 Shs DEFINED 1 96,885 METLIFE INC. COM 59156R108 $ 5,046 83,745 Shs DEFINED 1 83,745 MICROSOFT CORP. COM 594918104 $ 5,939 209,260 Shs DEFINED 1 209,260 NTT DOCOMO INC SPON ADR 62942M201 $ 3,515 230,500 Shs DEFINED 1 230,500 NEWMONT MINING CORP. COM 651639106 $ 2,875 63,470 Shs DEFINED 1 63,470 NOKIA CORP SPON ADR 654902204 $ 2,520 66,445 Shs DEFINED 1 66,445 NORTEL NETWORKS CORP NEW COM 656568508 $ 13,062 1,917,308 Shs DEFINED 1 1,917,308 NOVA CHEMICALS CORP. COM 66977W109 $ 18,256 759,130 Shs DEFINED 1 759,130 ORACLE CORP COM 68389X105 $ 5,825 297,810 Shs DEFINED 1 297,810 PEN WEST ENERGY TR TR UNIT 707885109 $ 30,701 1,095,306 Shs DEFINED 1 1,095,306 PETRO-CDA COM 71644E102 $ 41,551 842,325 Shs DEFINED 1 842,325 PFIZER INC COM 717081103 $ 4,668 223,035 Shs DEFINED 1 223,035 PIONEER NATURAL RESOURCES CO. COM 723787107 $ 6,047 123,110 Shs DEFINED 1 123,110 QUEST DIAGNOSTICS INC. COM 74834L100 $ 6,521 144,065 Shs DEFINED 1 144,065 ROGERS COMMUNICATIONS INC CL B 775109200 $ 31,610 879,725 Shs DEFINED 1 879,725 ROYAL BANK OF CANADA COM 780087102 $ 24,531 525,650 Shs DEFINED 1 525,650 ROYAL BANK OF SCOTLAND GRP PLC SPON ADR 780097721 $ $ 24 3,685 Shs DEFINED 1 3,685 SANOFI AVENTIS SPON ADR 80105N105 $ 1,482 39,485 Shs DEFINED 1 39,485 SHAW COMMUNICATIONS CL B CONV 82028K200 $ 2,895 1,584,490 Shs DEFINED 1 1,584,490 SIEMENS AG SPON ADR 826197501 $ 1,076 9,880 Shs DEFINED 1 9,880 SUN LIFE FINL INC. COM 866796105 $ 37,322 799,705 Shs DEFINED 1 799,705 3M CO CALL 88579Y101 $ 5,938 75,020 Shs DEFINED 1 75,020
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 -------- -------- -------- -------- ------------------- -------- -------- ----------------- TITLE OF CUSIP VALUE SHARES OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS NUMBER (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE TALISMAN ENERGY INC COM 87425E103 $ 48,016 2,404,540 Shs DEFINED 1 2,404,540 THOMSON CORP COM 884903105 $ 31,482 2,040 Shs DEFINED 1 2,040 TIMBERLAND CO CL A 887100105 $ 3,708 270,090 Shs DEFINED 1 270,090 TORONTO DOMINION BK ONT COM NEW 891160509 $ 51,776 842,979 Shs DEFINED 1 842,979 TOTAL S A SPON ADR 89151E109 $ 2,185 29,521 Shs DEFINED 1 29,521 TRANSCANADA CORP. COM 89353D107 $ 103 2,680 Shs DEFINED 1 2,680 VERIZON COMMUNICATIONS COM 92343V104 $ 3,828 105,010 Shs DEFINED 1 105,010 WACHOVIA CORP NEW COM 929903102 $ 5,087 188,390 Shs DEFINED 1 188,390 WALGREEN CO. COM 931422109 $ 3,289 86,350 Shs DEFINED 1 86,350 WELLS FARGO & CO NEW COM 949746101 $ 5,554 190,850 Shs DEFINED 1 190,850 WOLSELEY PLC SPON ADR 97786P100 $ 30 2,855 Shs DEFINED 1 2,855 WPP GROUP PLC SPON ADR 0905 929309409 $ 21 360 Shs DEFINED 1 360 ZIMMER HOLDINGS INC. COM 98956P102 $ 2,701 34,700 Shs DEFINED 1 34,700