SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934 (Amendment No. 6)
The Howard Hughes Corporation
(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE PER SHARE
(Title of Class of Securities)
44267D107
(CUSIP Number)
Joseph S. Freedman
Brookfield Asset Management, Inc.
Brookfield Place, Suite 300
181 Bay Street, P.O. Box 762
Toronto, Ontario M5J 2T3
Telephone: (416) 956-5182
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
Copy to:
Gregory B. Astrachan, Esq.
Michael A. Schwartz, Esq.
Willkie Farr & Gallagher LLP
787 Seventh Avenue
New York, NY 10019−6099
(212) 728−8000
February 11, 2013
(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 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 disclosures provided in a prior cover page.
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).
CUSIP No. 44267D107 | Page 2 of 20 Pages |
SCHEDULE 13D
1 |
NAMES OF REPORTING PERSONS
Brookfield Retail Holdings HHC LLC
| ||
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o (b) þ | ||
3 |
SEC USE ONLY
| ||
4 |
SOURCE OF FUNDS
WC | ||
5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
o | ||
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
2,715,588* | ||
9 |
SOLE DISPOSITIVE POWER
0 | ||
10 |
SHARED DISPOSITIVE POWER
2,715,588* | ||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
2,715,588* | ||
12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
o | ||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.9%* | ||
14 |
TYPE OF REPORTING PERSON
OO | ||
* By virtue of certain voting rights, the Reporting Person may be deemed to share beneficial ownership of 2,715,588 shares of Common Stock held by all of the Reporting Persons in the aggregate, representing 6.9% of the shares of Common Stock. See Item 5.
CUSIP No. 44267D107 | Page 3 of 20 Pages |
SCHEDULE 13D
1 |
NAMES OF REPORTING PERSONS
Brookfield Retail Holdings II LLC
| ||
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o (b) þ | ||
3 |
SEC USE ONLY
| ||
4 |
SOURCE OF FUNDS
WC | ||
5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
o | ||
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
2,715,588* | ||
9 |
SOLE DISPOSITIVE POWER
0 | ||
10 |
SHARED DISPOSITIVE POWER
2,715,588* | ||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
2,715,588* | ||
12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
o | ||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.9%* | ||
14 |
TYPE OF REPORTING PERSON
OO | ||
* By virtue of certain voting rights, the Reporting Person may be deemed to share beneficial ownership of 2,715,588 shares of Common Stock held by all of the Reporting Persons in the aggregate, representing 6.9% of the shares of Common Stock. See Item 5.
CUSIP No. 44267D107 | Page 4 of 20 Pages |
SCHEDULE 13D
1 |
NAMES OF REPORTING PERSONS
Brookfield Retail Holdings III LLC
| ||
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o (b) þ | ||
3 |
SEC USE ONLY
| ||
4 |
SOURCE OF FUNDS
WC | ||
5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
o | ||
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
2,715,588* | ||
9 |
SOLE DISPOSITIVE POWER
0 | ||
10 |
SHARED DISPOSITIVE POWER
2,715,588* | ||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
2,715,588* | ||
12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
o | ||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.9%* | ||
14 |
TYPE OF REPORTING PERSON
OO | ||
* By virtue of certain voting rights, the Reporting Person may be deemed to share beneficial ownership of 2,715,588 shares of Common Stock held by all of the Reporting Persons in the aggregate, representing 6.9% of the shares of Common Stock. See Item 5.
CUSIP No. 44267D107 | Page 5 of 20 Pages |
SCHEDULE 13D
1 |
NAMES OF REPORTING PERSONS
Brookfield Retail Holdings IV-A LLC
| ||
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o (b) þ | ||
3 |
SEC USE ONLY
| ||
4 |
SOURCE OF FUNDS
WC | ||
5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
o | ||
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
80,436* | ||
9 |
SOLE DISPOSITIVE POWER
0 | ||
10 |
SHARED DISPOSITIVE POWER
80,436* | ||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
80,436* | ||
12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
þ | ||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.20%* | ||
14 |
TYPE OF REPORTING PERSON
OO | ||
* The Reporting Person may be deemed to be a member of a “group” with the other Reporting Persons and, therefore, may be deemed beneficially own the 2,715,588 shares of Common Stock held by all of the Reporting Persons in the aggregate, representing 6.9% of the shares of Common Stock. See Item 5.
CUSIP No. 44267D107 | Page 6 of 20 Pages |
SCHEDULE 13D
1 |
NAMES OF REPORTING PERSONS
Brookfield Retail Holdings IV-B LLC
| ||
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o (b) þ | ||
3 |
SEC USE ONLY
| ||
4 |
SOURCE OF FUNDS
WC | ||
5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
o | ||
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
160,545* | ||
9 |
SOLE DISPOSITIVE POWER
0 | ||
10 |
SHARED DISPOSITIVE POWER
160,545* | ||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
160,545* | ||
12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
þ | ||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.41%* | ||
14 |
TYPE OF REPORTING PERSON
OO | ||
* The Reporting Person may be deemed to be a member of a “group” with the other Reporting Persons and, therefore, may be deemed beneficially own the 2,715,588 shares of Common Stock held by all of the Reporting Persons in the aggregate, representing 6.9% of the shares of Common Stock. See Item 5.
CUSIP No. 44267D107 | Page 7 of 20 Pages |
SCHEDULE 13D
1 |
NAMES OF REPORTING PERSONS
Brookfield Retail Holdings IV-C LLC
| ||
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o (b) þ | ||
3 |
SEC USE ONLY
| ||
4 |
SOURCE OF FUNDS
WC | ||
5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
o | ||
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
53,788* | ||
9 |
SOLE DISPOSITIVE POWER
0 | ||
10 |
SHARED DISPOSITIVE POWER
53,788* | ||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
53,788* | ||
12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
þ | ||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.14%* | ||
14 |
TYPE OF REPORTING PERSON
OO | ||
* The Reporting Person may be deemed to be a member of a “group” with the other Reporting Persons and, therefore, may be deemed beneficially own the 2,715,588 shares of Common Stock held by all of the Reporting Persons in the aggregate, representing 6.9% of the shares of Common Stock. See Item 5.
CUSIP No. 44267D107 | Page 8 of 20 Pages |
SCHEDULE 13D
1 |
NAME OF REPORTING PERSONS
Brookfield Retail Holdings IV-D LLC
| ||
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o (b) þ | ||
3 |
SEC USE ONLY
| ||
4 |
SOURCE OF FUNDS
WC | ||
5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
o | ||
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
53,788* | ||
9 |
SOLE DISPOSITIVE POWER
0 | ||
10 |
SHARED DISPOSITIVE POWER
53,788* | ||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
53,788* | ||
12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
þ | ||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.14%* | ||
14 |
TYPE OF REPORTING PERSON
OO | ||
* The Reporting Person may be deemed to be a member of a “group” with the other Reporting Persons and, therefore, may be deemed beneficially own the 2,715,588 shares of Common Stock held by all of the Reporting Persons in the aggregate, representing 6.9% of the shares of Common Stock. See Item 5.
CUSIP No. 44267D107 | Page 9 of 20 Pages |
SCHEDULE 13D
1 |
NAME OF REPORTING PERSONS
Brookfield Retail Holdings V LP
| ||
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o (b) þ | ||
3 |
SEC USE ONLY
| ||
4 |
SOURCE OF FUNDS
WC | ||
5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
o | ||
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
181,008* | ||
9 |
SOLE DISPOSITIVE POWER
0 | ||
10 |
SHARED DISPOSITIVE POWER
181,008* | ||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
181,008* | ||
12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
þ | ||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.46%* | ||
14 |
TYPE OF REPORTING PERSON
PN | ||
* The Reporting Person may be deemed to be a member of a “group” with the other Reporting Persons and, therefore, may be deemed beneficially own the 2,715,588 shares of Common Stock held by all of the Reporting Persons in the aggregate, representing 6.9% of the shares of Common Stock. See Item 5.
CUSIP No. 44267D107 | Page 10 of 20 Pages |
SCHEDULE 13D
1 |
NAME OF REPORTING PERSONS
Brookfield Asset Management Inc.
| ||
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o (b) þ | ||
3 |
SEC USE ONLY
| ||
4 |
SOURCE OF FUNDS
AF | ||
5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
o | ||
6 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Canada | ||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7 |
SOLE VOTING POWER
0 | |
8 |
SHARED VOTING POWER
2,715,588* | ||
9 |
SOLE DISPOSITIVE POWER
0 | ||
10 |
SHARED DISPOSITIVE POWER
2,715,588* | ||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
2,715,588* | ||
12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
o | ||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.9%* | ||
14 |
TYPE OF REPORTING PERSON
CO | ||
* See Item 5.
CUSIP No. 44267D107 | Page 11 of 20 Pages |
SCHEDULE 13D
1 |
NAME OF REPORTING PERSONS
Partners Limited
| ||
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o (b) þ | ||
3 |
SEC USE ONLY
| ||
4 |
SOURCE OF FUNDS
AF | ||
5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
o | ||
6 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Canada | ||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7 |
SOLE VOTING POWER
0 | |
8 |
SHARED VOTING POWER
2,715,588* | ||
9 |
SOLE DISPOSITIVE POWER
0 | ||
10 |
SHARED DISPOSITIVE POWER
2,715,588* | ||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
2,715,588* | ||
12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
o | ||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.9%* | ||
14 |
TYPE OF REPORTING PERSON
OO | ||
* See Item 5.
CUSIP No. 44267D107 | Page 12 of 20 Pages |
SCHEDULE 13D
1 |
NAME OF REPORTING PERSONS
Brookfield Holdings Canada Inc.
| ||
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o (b) þ | ||
3 |
SEC USE ONLY
| ||
4 |
SOURCE OF FUNDS
AF | ||
5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
o | ||
6 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Canada | ||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7 |
SOLE VOTING POWER
0 | |
8 |
SHARED VOTING POWER
2,715,588* | ||
9 |
SOLE DISPOSITIVE POWER
0 | ||
10 |
SHARED DISPOSITIVE POWER
2,715,588* | ||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
2,715,588* | ||
12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
o | ||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.9%* | ||
14 |
TYPE OF REPORTING PERSON
CO | ||
* See Item 5.
CUSIP No. 44267D107 | Page 13 of 20 Pages |
SCHEDULE 13D
1 |
NAME OF REPORTING PERSONS
Brookfield Asset Management Private Institutional Capital Adviser (Canada) LP
| ||
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o (b) þ | ||
3 |
SEC USE ONLY
| ||
4 |
SOURCE OF FUNDS
AF | ||
5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
o | ||
6 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Canada | ||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7 |
SOLE VOTING POWER
0 | |
8 |
SHARED VOTING POWER
2,715,588* | ||
9 |
SOLE DISPOSITIVE POWER
0 | ||
10 |
SHARED DISPOSITIVE POWER
2,715,588* | ||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
2,715,588* | ||
12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
o | ||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.9%* | ||
14 |
TYPE OF REPORTING PERSON
PN | ||
* See Item 5.
CUSIP No. 44267D107 | Page 14 of 20 Pages |
SCHEDULE 13D
1 |
NAME OF REPORTING PERSONS
Brookfield Private Funds Holdings Inc.
| ||
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o (b) þ | ||
3 |
SEC USE ONLY
| ||
4 |
SOURCE OF FUNDS
AF | ||
5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
o | ||
6 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Canada | ||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7 |
SOLE VOTING POWER
0 | |
8 |
SHARED VOTING POWER
2,715,588* | ||
9 |
SOLE DISPOSITIVE POWER
0 | ||
10 |
SHARED DISPOSITIVE POWER
2,715,588* | ||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
2,715,588* | ||
12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
o | ||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.9%* | ||
14 |
TYPE OF REPORTING PERSON
CO | ||
* See Item 5.
CUSIP No. 44267D107 | Page 15 of 20 Pages |
SCHEDULE 13D
1 |
NAME OF REPORTING PERSONS
Brookfield US Holdings Inc.
| ||
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o (b) þ | ||
3 |
SEC USE ONLY
| ||
4 |
SOURCE OF FUNDS
AF | ||
5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
o | ||
6 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Canada | ||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7 |
SOLE VOTING POWER
0 | |
8 |
SHARED VOTING POWER
2,715,588* | ||
9 |
SOLE DISPOSITIVE POWER
0 | ||
10 |
SHARED DISPOSITIVE POWER
2,715,588* | ||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
2,715,588* | ||
12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
o | ||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.9%* | ||
14 |
TYPE OF REPORTING PERSON
CO | ||
* By virtue of certain voting rights of Brookfield Retail Holdings HHC LLC, the Reporting Person may be deemed to share beneficial ownership of 2,715,588 shares of Common Stock held by all of the Reporting Persons in the aggregate, representing 6.9% of the shares of Common Stock. See Item 5.
CUSIP No. 44267D107 | Page 16 of 20 Pages |
SCHEDULE 13D
1 |
NAME OF REPORTING PERSONS
Brookfield US Corporation
| ||
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o (b) þ | ||
3 |
SEC USE ONLY
| ||
4 |
SOURCE OF FUNDS
AF | ||
5 |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
o | ||
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
2,715,588* | ||
9 |
SOLE DISPOSITIVE POWER
0 | ||
10 |
SHARED DISPOSITIVE POWER
2,715,588* | ||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
2,715,588* | ||
12 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
o | ||
13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.9%* | ||
14 |
TYPE OF REPORTING PERSON
CO | ||
* By virtue of certain voting rights of Brookfield Retail Holdings HHC LLC, the Reporting Person may be deemed to share beneficial ownership of 2,715,588 shares of Common Stock held by all of the Reporting Persons in the aggregate, representing 6.9% of the shares of Common Stock. See Item 5.
Pursuant to Rule 13d-2 promulgated under the Act, this Schedule 13D/A (this “Amendment No. 6”) amends the Schedule13D filed on November 19, 2010 (“Original Schedule 13D”) and amended on February 3, 2012 (“Amendment No. 1”), on June 14, 2012 (“Amendment No. 2”), on November 14, 2012 (“Amendment No. 3”), on December 21, 2012 (“Amendment No. 4”) and on January 23, 2013 (“Amendment No. 5” and, together with the Original Schedule 13D, Amendment No.1, Amendment No. 2, Amendment No. 3, Amendment No. 4 and this Amendment No. 6, the “Schedule 13D”). This Amendment No. 6 relates to the common stock, par value $0.01 per share (the “Common Stock”), of The Howard Hughes Corporation, a Delaware corporation (the “Company”).
Item 5. Interest in Securities of the Issuer
Item 5(a) - (c) of the Schedule 13D is hereby amended in their entirety as follows:
(a)-(b) As of the close of business on February 11, 2013, the Investment Vehicles directly held and beneficially owned the shares of Common Stock indicated on the following table. Each of the Investment Vehicles shares voting and investment power as indicated in the paragraphs below the table. All calculations of percentages of beneficial ownership in this Item 5 and elsewhere in this Schedule 13D are based on 39,498,912 shares of Common Stock outstanding, which includes the 37,973,640 shares of Common Stock reported as outstanding as of November 5, 2012 by the Company in its Form 10-Q filed with the Securities and Exchange Commission on November 9, 2012 plus the 1,525,272 shares of Common Stock issued to the Investment Vehicles pursuant to the terms of the Warrant Purchase Agreement as set forth in Item 4 in Amendment No. 3.
Investment Vehicle | Common Stock | Beneficial Ownership |
BRH HHC | 883,836 | 2.24% |
BRH II | 606,499 | 1.54% |
BRH III | 695,688 | 1.76% |
BRH IV-A | 80,436 | 0.20% |
BRH IV-B (1) | 160,545 | 0.41% |
BRH IV-C (1) | 53,788 | 0.14% |
BRH IV-D | 53,788 | 0.14% |
BRH V | 181,008 | 0.46% |
Total: | 2,715,588 | 6.88% |
(1) The shares of Common Stock are held directly by Brookfield US Retail Holdings LLC. Pursuant to the BRH IV-B Agreement and BRH IV-C Agreement, as applicable, the applicable Investment Vehicle shares investment and voting power (but not with Brookfield US Retail Holdings LLC) over the shares of Common Stock held directly by Brookfield US Retail Holdings LLC.
As managing member or general partner, as applicable, of each of the Investment Vehicles, BAM Canada may be deemed, subject to restrictions on its authority imposed by the Voting Agreement, to beneficially own all shares of Common Stock owned by each of the Investment Vehicles, consisting of 2,715,588 shares of Common Stock representing 6.9% of the Common Stock. As direct and indirect controlling persons of BAM Canada, each of Brookfield Holdings, Partners, BHC and Brookfield may be deemed to share with BAM Canada beneficial ownership of such shares of Common Stock.
US Corp. is the non-managing member of BRH HHC. By virtue of (i) its ability under the Operating Agreement of BRH HHC to appoint and remove the board of directors of BRH HHC and (ii) the ability of the board of directors of BRH HHC to direct BAM Canada on behalf of BRH HHC to veto any action requiring a hyper-majority vote under the Voting Agreement (including voting decisions with respect to, and material dispositions of, Common Stock by the Investment Vehicles), US Corp. may be deemed to share voting and investment power with respect to the 2,715,588 shares of Common Stock owned by the Investment Vehicles, representing approximately 6.9% of the shares of the Common Stock. As direct and indirect controlling persons of US Corp, US Holdings, BHC, Partners and Brookfield may be deemed to share with US Corp. beneficial ownership of such shares of Common Stock.
None of the Reporting Persons has sole voting or investment power with respect to any shares of Common Stock.
By virtue of the various agreements and arrangements among the Reporting Persons described in this Schedule 13D, the Reporting Persons may be deemed to constitute a “group” within the meaning of Section 13(d)(3) under the Act and Rule 13d-5(b)(1) thereunder and each member of the “group” may be deemed to beneficially own all shares of Common Stock held by all members of the “group.” Accordingly, each of the Reporting Persons may be deemed to beneficially own 2,715,588 shares of Common Stock, constituting beneficial ownership of 6.9% of the shares of the Common Stock. Each of the Investment Vehicles expressly disclaims, to the extent permitted by applicable law, beneficial ownership of any shares of Common Stock held by each of the other Investment Vehicles.
By virtue of (i) the ability of the Northern Trust Company, acting in its capacity as custodian for the Future Fund Board of Guardians (“Future Fund”) under the Operating Agreement of BRH II to appoint and remove the members of the board of directors of BRH II and (ii) the ability of the board of directors of BRH II to direct BAM Canada on behalf of BRH II to veto any action requiring a hyper-majority vote under the Voting Agreement (including voting decisions and material dispositions of Common Stock by the Investment Vehicles), Future Fund may be deemed to share voting and investment power over the Common Stock held by each of the Investment Vehicles. By virtue of (i) the ability of Stable Investment Corporation (“Stable”) and Best Investment Corporation (“Best” and, together with Stable, “SB”) (both subsidiaries of China Investment Corporation) under the Operating Agreement of BRH III to appoint and remove the members of the board of directors of BRH III and (ii) the ability of the board of directors of BRH III to direct BAM Canada on behalf of BRH III to veto any action requiring a hyper-majority vote under the Voting Agreement (including voting decisions and material dispositions of Common Stock by the Investment Vehicles), SB may be deemed to share voting and investment power over the Common Stock held by each of the Investment Vehicles. Additionally, by virtue of the various agreements and arrangements among the Reporting Persons described in this Schedule 13D, Future Fund and/or SB may be deemed to be members of a “group” with the Reporting Persons. Neither Future Fund nor SB are Reporting Persons on this Schedule 13D, and any obligations either of them may have under Section 13(d) of the Act would have to be satisfied on one or more separate filings. To the extent that either Future Fund or SB beneficially owns shares of Common Stock that are not held by one of the Investment Vehicles, the Reporting Persons may be deemed to beneficially own any such shares of Common Stock, but expressly disclaim, to the extent permitted by applicable law, beneficial ownership thereof.
(c) None of the Reporting Persons, nor, to their knowledge, any of the Scheduled Persons, has effected any transaction in Common Stock since the filing of Amendment No. 5 other than the transactions set forth below:
Date | Investment Vehicle | Number of Shares Sold | Weighted Average Sale Price |
1/23/131 | BRH HHC | 2,170 | $74.1731 |
BRH II | 1,489 | $74.1731 | |
BRH III | 1,708 | $74.1731 | |
BRH IV-A | 197 | $74.1731 | |
BRH IV-B (1) | 394 | $74.1731 | |
BRH IV-C (1) | 132 | $74.1731 | |
BRH IV-D | 132 | $74.1731 | |
BRH V | 444 | $74.1731 | |
1/24/132 | BRH HHC | 847 | $73.5719 |
BRH II | 581 | $73.5719 | |
BRH III | 666 | $73.5719 | |
BRH IV-A | 77 | $73.5719 | |
BRH IV-B (1) | 154 | $73.5719 | |
BRH IV-C (1) | 51 | $73.5719 | |
BRH IV-D | 51 | $73.5719 | |
BRH V | 173 | $73.5719 |
1 On this date, shares were sold at a range of $74.01 to $74.30 per share. The Reporting Persons shall undertake to provide upon request by the staff full information regarding the number of shares purchased or sold at each separate price.
2 On this date, shares were sold at a range of $73.50 to $73.67 per share. The Reporting Persons shall undertake to provide upon request by the staff full information regarding the number of shares purchased or sold at each separate price.
Date | Investment Vehicle | Number of Shares Sold | Weighted Average Sale Price |
1/25/133 | BRH HHC | 4,912 | $72.6286 |
BRH II | 3,371 | $72.6286 | |
BRH III | 3,866 | $72.6286 | |
BRH IV-A | 447 | $72.6286 | |
BRH IV-B (1) | 892 | $72.6286 | |
BRH IV-C (1) | 299 | $72.6286 | |
BRH IV-D | 299 | $72.6286 | |
BRH V | 1,006 | $72.6286 | |
1/28/134 | BRH HHC | 32,960 | $72.105 |
BRH II | 22,617 | $72.105 | |
BRH III | 25,943 | $72.105 | |
BRH IV-A | 3,000 | $72.105 | |
BRH IV-B (1) | 5,987 | $72.105 | |
BRH IV-C (1) | 2,006 | $72.105 | |
BRH IV-D | 2,006 | $72.105 | |
BRH V | 6,750 | $72.105 | |
1/29/135 | BRH HHC | 5,980 | $72.5618 |
BRH II | 4,103 | $72.5618 | |
BRH III | 4,707 | $72.5618 | |
BRH IV-A | 544 | $72.5618 | |
BRH IV-B (1) | 1,086 | $72.5618 | |
BRH IV-C (1) | 364 | $72.5618 | |
BRH IV-D | 364 | $72.5618 | |
BRH V | 1,225 | $72.5618 | |
1/30/136 | BRH HHC | 1,092 | $72.5986 |
BRH II | 750 | $72.5986 | |
BRH III | 861 | $72.5986 | |
BRH IV-A | 100 | $72.5986 | |
BRH IV-B (1) | 199 | $72.5986 | |
BRH IV-C (1) | 67 | $72.5986 | |
BRH IV-D | 67 | $72.5986 | |
BRH V | 224 | $72.5986 | |
2/1/137 | BRH HHC | 15,676 | $72.5788 |
BRH II | 10,758 | $72.5788 | |
BRH III | 12,340 | $72.5788 | |
BRH IV-A | 1,427 | $72.5788 | |
BRH IV-B (1) | 2,848 | $72.5788 | |
BRH IV-C (1) | 954 | $72.5788 | |
BRH IV-D | 954 | $72.5788 | |
BRH V | 3,210 | $72.5788 |
3 On this date, shares were sold at a range of $72.50 to $72.78 per share. The Reporting Persons shall undertake to provide upon request by the staff full information regarding the number of shares purchased or sold at each separate price.
4 On this date, shares were sold at a range of $72.10 to $72.50 per share. The Reporting Persons shall undertake to provide upon request by the staff full information regarding the number of shares purchased or sold at each separate price.
5 On this date, shares were sold at a range of $72.50 to $72.68 per share. The Reporting Persons shall undertake to provide upon request by the staff full information regarding the number of shares purchased or sold at each separate price.
6 On this date, shares were sold at a range of $72.50 to $72.84 per share. The Reporting Persons shall undertake to provide upon request by the staff full information regarding the number of shares purchased or sold at each separate price.
7 On this date, shares were sold at a range of $72.25 to $73.07 per share. The Reporting Persons shall undertake to provide upon request by the staff full information regarding the number of shares purchased or sold at each separate price.
Date | Investment Vehicle | Number of Shares Sold | Weighted Average Sale Price |
2/4/138 | BRH HHC | 16,600 | $71.9589 |
BRH II | 11,390 | $71.9589 | |
BRH III | 13,065 | $71.9589 | |
BRH IV-A | 1,511 | $71.9589 | |
BRH IV-B (1) | 3,015 | $71.9589 | |
BRH IV-C (1) | 1,010 | $71.9589 | |
BRH IV-D | 1,010 | $71.9589 | |
BRH V | 3,399 | $71.9589 | |
2/5/139 | BRH HHC | 11,773 | $72.3681 |
BRH II | 8,078 | $72.3681 | |
BRH III | 9,266 | $72.3681 | |
BRH IV-A | 1,071 | $72.3681 | |
BRH IV-B (1) | 2,138 | $72.3681 | |
BRH IV-C (1) | 716 | $72.3681 | |
BRH IV-D | 716 | $72.3681 | |
BRH V | 2,411 | $72.3681 | |
2/6/1310 | BRH HHC | 14,125 | $72.349 |
BRH II | 9,693 | $72.349 | |
BRH III | 11,118 | $72.349 | |
BRH IV-A | 1,285 | $72.349 | |
BRH IV-B (1) | 2,566 | $72.349 | |
BRH IV-C (1) | 860 | $72.349 | |
BRH IV-D | 860 | $72.349 | |
BRH V | 2,893 | $72.349 | |
2/8/1311 | BRH HHC | 5,971 | $72.6198 |
BRH II | 4,096 | $72.6198 | |
BRH III | 4,698 | $72.6198 | |
BRH IV-A | 543 | $72.6198 | |
BRH IV-B (1) | 1,084 | $72.6198 | |
BRH IV-C (1) | 363 | $72.6198 | |
BRH IV-D | 363 | $72.6198 | |
BRH V | 1,222 | $72.6198 | |
2/11/1312 | BRH HHC | 24,477 | $72.5019 |
BRH II | 16,795 | $72.5019 | |
BRH III | 19,265 | $72.5019 | |
BRH IV-A | 2,227 | $72.5019 | |
BRH IV-B (1) | 4,446 | $72.5019 | |
BRH IV-C (1) | 1,489 | $72.5019 | |
BRH IV-D | 1,489 | $72.5019 | |
BRH V | 5,012 | $72.5019 |
(1) The shares of Common Stock are held directly by Brookfield US Retail Holdings LLC. Pursuant to the BRH IV-B Agreement and BRH IV-C Agreement, as applicable, the applicable Investment Vehicle shares investment and voting power (but not with Brookfield US Retail Holdings LLC) over the shares of Common Stock held directly by Brookfield US Retail Holdings LLC.
8 On this date, shares were sold at a range of $71.95 to $72.58 per share. The Reporting Persons shall undertake to provide upon request by the staff full information regarding the number of shares purchased or sold at each separate price.
9 On this date, shares were sold at a range of $72.25 to $72.84 per share. The Reporting Persons shall undertake to provide upon request by the staff full information regarding the number of shares purchased or sold at each separate price.
10 On this date, shares were sold at a range of $72.25 to $72.60 per share. The Reporting Persons shall undertake to provide upon request by the staff full information regarding the number of shares purchased or sold at each separate price.
11 On this date, shares were sold at a range of $72.56 to $72.71 per share. The Reporting Persons shall undertake to provide upon request by the staff full information regarding the number of shares purchased or sold at each separate price.
12 On this date, shares were sold at a range of $72.50 to $72.67 per share. The Reporting Persons shall undertake to provide upon request by the staff full information regarding the number of shares purchased or sold at each separate price.
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.
Dated: February 13, 2013 | BROOKFIELD ASSET MANAGEMENT | |
By: | /s/ Aleks Novakovic | |
Name: Aleks Novakovic | ||
Title: Managing Partner | ||
By: | /s/ Joseph Freedman | |
Name: Joseph Freedman | ||
Title: Senior Managing Partner | ||
Dated: February 13, 2013 | PARTNERS Limited | |
By: | /s/ Loretta Corso | |
Name: Loretta Corso | ||
Title: Secretary | ||
Dated: February 13, 2013 | Brookfield Asset Management Private Institutional Capital Adviser (Canada) L.P. | |
By: Brookfield Private Funds Holdings Inc., its general partner | ||
By: | /s/ Karen Ayre | |
Name: Karen Ayre | ||
Title: Vice President | ||
Dated: February 13, 2013 | BROOKFIELD PRIVATE FUNDS HOLDINGS INC. | |
By: | /s/ Karen Ayre | |
Name: Karen Ayre | ||
Title: Vice President | ||
By: | /s/ David Stalter | |
Name: David Stalter | ||
Title: Vice President | ||
Dated: February 13, 2013 | BROOKFIELD HOLDINGS CANADA INC. | |
By: | /s/ Aleks Novakovic | |
Name: Aleks Novakovic | ||
Title: Vice President | ||
By: | /s/ Joseph Freedman | |
Name: Joseph Freedman | ||
Title: Vice President | ||
Dated: February 13, 2013 | brookfield US Holdings inc. | |
By: | /s/ Aleks Novakovic | |
Name: Aleks Novakovic | ||
Title: Vice President | ||
Dated: February 13, 2013 | brookfield US Corporation | |
By: | /s/ Karen Ayre | |
Name: Karen Ayre | ||
Title: Vice President | ||
Dated: February 13, 2013 | BROOKFIELD RETAIL HOLDINGS HHC LLC | |
By: | /s/ Karen Ayre | |
Name: Karen Ayre | ||
Title: Vice President | ||
Dated: February 13, 2013 | BROOKFIELD RETAIL HOLDINGS II LLC | |
By: Brookfield Asset Management Private Institutional Capital Adviser (Canada) L.P., its managing member | ||
By: Brookfield Private Funds Holdings Inc., its general partner | ||
By: | /s/ Karen Ayre | |
Name: Karen Ayre | ||
Title: Vice President | ||
By: | /s/ David Stalter | |
Name: David Stalter | ||
Title: Vice President |
Dated: February 13, 2013 | BROOKFIELD RETAIL HOLDINGS III LLC | |
By: Brookfield Asset Management Private Institutional Capital Adviser (Canada) L.P., its managing member | ||
By: Brookfield Private Funds Holdings Inc., its general partner | ||
By: | /s/ Karen Ayre | |
Name: Karen Ayre | ||
Title: Vice President | ||
By: | /s/ David Stalter | |
Name: David Stalter | ||
Title: Vice President | ||
|
||
Dated: February 13, 2013 | BROOKFIELD RETAIL HOLDINGS IV-A LLC | |
By: Brookfield Asset Management Private Institutional Capital Adviser (Canada) L.P., its managing member | ||
By: Brookfield Private Funds Holdings Inc., its general partner | ||
By: | /s/ Karen Ayre | |
Name: Karen Ayre | ||
Title: Vice President | ||
By: | /s/ David Stalter | |
Name: David Stalter | ||
Title: Vice President | ||
|
||
Dated: February 13, 2013 | BROOKFIELD RETAIL HOLDINGS IV-B LLC | |
By: Brookfield Asset Management Private Institutional Capital Adviser (Canada) L.P., its managing member | ||
By: Brookfield Private Funds Holdings Inc., its general partner | ||
By: | /s/ Karen Ayre | |
Name: Karen Ayre | ||
Title: Vice President | ||
By: | /s/ David Stalter | |
Name: David Stalter | ||
Title: Vice President
| ||
Dated: February 13, 2013 | BROOKFIELD RETAIL HOLDINGS IV-C LLC | |
By: Brookfield Asset Management Private Institutional Capital Adviser (Canada) L.P., its managing member | ||
By: Brookfield Private Funds Holdings Inc., its general partner | ||
By: | /s/ Karen Ayre | |
Name: Karen Ayre | ||
Title: Vice President | ||
By: | /s/ David Stalter | |
Name: David Stalter | ||
Title: Vice President | ||
Dated: February 13, 2013 | BROOKFIELD RETAIL HOLDINGS IV-D LLC | |
By: Brookfield Asset Management Private Institutional Capital Adviser (Canada) L.P., its managing member | ||
By: Brookfield Private Funds Holdings Inc., its general partner | ||
By: | /s/ Karen Ayre | |
Name: Karen Ayre | ||
Title: Vice President | ||
By: | /s/ David Stalter | |
Name: David Stalter | ||
Title: Vice President | ||
Dated: February 13, 2013 | BROOKFIELD RETAIL HOLDINGS V LP | |
By: Brookfield Asset Management Private Institutional Capital Adviser (Canada) L.P., its general partner | ||
By: Brookfield Private Funds Holdings Inc., its general partner | ||
By: | /s/ Karen Ayre | |
Name: Karen Ayre | ||
Title: Vice President | ||
By: | /s/ David Stalter | |
Name: David Stalter | ||
Title: Vice President | ||