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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(RULE 13D-101)
Under the Securities Exchange Act of 1934
(AMENDMENT NO. 5)
CRIIMI MAE Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
950241109
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(CUSIP Number)
Mr. Barry S. Blattman
BREF ONE, LLC
Three World Financial Center
New York, New York 10281
(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
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(Name, Address and Telephone Number of Persons Authorized to Receive
Notices and Communications)
January 18, 2006
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(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 7 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).
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CUSIP No. 950241109 13D Page 2 of 7 Pages
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-------------- ---------------------------------------- --------------------------------------------------------------------------
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: 0
SHARES
----- -------------------------------------- -------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
----- -------------------------------------- -------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
----- -------------------------------------- -------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
-------------- -------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 0
-------------- ----------------------------------------------------------------------------------------------------- -------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
-------------- -------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0%
-------------- ---------------------------------------- --------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
-------------- ---------------------------------------- --------------------------------------------------------------------------
2
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CUSIP No. 950241109 13D Page 3 of 7 Pages
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-------------- ---------------------------------------- --------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: Brookfield Asset Management Inc.
(formerly known as 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: 0
SHARES
----- -------------------------------------- -------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
----- -------------------------------------- -------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
----- -------------------------------------- -------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
-------------- -------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 0
-------------- ----------------------------------------------------------------------------------------------------- -------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
-------------- -------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0%
-------------- ---------------------------------------- --------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
-------------- ---------------------------------------- --------------------------------------------------------------------------
3
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CUSIP No. 950241109 13D Page 4 of 7 Pages
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-------------- ---------------------------------------- --------------------------------------------------------------------------
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: 0
SHARES
----- -------------------------------------- -------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
----- -------------------------------------- -------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
----- -------------------------------------- -------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
-------------- -------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 0
-------------- ----------------------------------------------------------------------------------------------------- -------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
-------------- -------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0%
-------------- ---------------------------------------- --------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
-------------- ---------------------------------------- --------------------------------------------------------------------------
4
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CUSIP No. 950241109 13D Page 5 of 7 Pages
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-------------- ---------------------------------------- --------------------------------------------------------------------------
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: 0
SHARES
----- -------------------------------------- -------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
----- -------------------------------------- -------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
----- -------------------------------------- -------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
-------------- -------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 0
-------------- ----------------------------------------------------------------------------------------------------- -------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
-------------- -------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0%
-------------- ---------------------------------------- --------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
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5
This Amendment No. 5 amends the Schedule 13D filed February 3, 2003
(the "Schedule 13D"), as amended by Amendment No. 1 filed February 23, 2005,
Amendment No. 2 filed on July 28, 2005, Amendment No. 3 filed October 6, 2005,
and Amendment No. 4 filed on November 21, 2005, and is filed by BREF ONE, LLC,
Brookfield Asset Management Inc. (formerly known as Brascan Corporation),
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 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 of the Schedule 13D is supplemented as follows:
The responses of the Reporting Persons to Rows (7) through (13) of
the cover pages of this Amendment No. 5 are incorporated herein by reference. On
January 18, 2006, Cadim W.F. Co., a Maryland corporation, merged with and into
the Company (the "Merger"). Pursuant to the Merger, the Common Stock was
cancelled in exchange for the right to receive $20.00 in cash, without interest,
for each share of Common Stock. Accordingly, as of January 18, 2006, none of the
Reporting Persons beneficially own any shares of Common Stock as a result of the
Merger.
As a result of the Merger, on January 18, 2006, the Reporting Persons
ceased to be the beneficial owners (as defined in Rule 13d-3) of more than five
percent (5%) of the outstanding shares of Common Stock.
6
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: January 18, 2006
BREF ONE, LLC
By: /s/ Theresa A. Hoyt
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Name: Theresa A. Hoyt
Title: Vice President
BROOKFIELD ASSET MANAGEMENT INC.
(formerly BRASCAN CORPORATION)
By: /s/ Joseph Freedman
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Name: Joseph Freedman
Title: Senior Vice President
PARTNERS LIMITED
By: /s/ Loretta Corso
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Name: Loretta Corso
Title: Secretary
BARRY S. BLATTMAN
/s/ Barry S. Blattman
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7