UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.__)*
Brookfield Properties Corp.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
112900 10 5
(CUSIP Number)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[ X ] Rule 13d-1(c)
[ ] 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).
<PAGE>
CUSIP NO. 112900 10 5
1. NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Canadian Imperial Bank of Commerce (Not Applicable)
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Canada
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5. SOLE VOTING POWER
10,500,000
6. SHARED VOTING POWER
0
7. SOLE DISPOSITIVE POWER
10,500,000
8. SHARED DISPOSITIVE POWER
0
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,500,000
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.8%
12. TYPE OF REPORTING PERSON
OO
<PAGE>
Item 1 (a) Name of Issuer:
Brookfield Properties Corp.
(b) Address of Issuer's Principal Executive Offices:
P.O. Box 770, Suite 4440, BCE Place, 181 Bay Street,
Toronto, Ontario M5J 2T3 Canada
Item 2 (a) Name of Person Filing:
Canadian Imperial Bank of Commerce
(b) Address of Principal Business Office:
Commerce Court West
Toronto, Ontario, Canada M5L 1A2
(c) Citizenship:
Canada
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number:
112900 10 5
Item 3 Person Filing
(a) ( ) Broker or Dealer registered under Section 15 of the Act
(b) ( ) Bank as defined in Section 3(a)(6) of the Act
(c) ( ) Insurance Company as defined in Section 3(a)(19) of the
Act
(d) ( ) Investment Company registered under Section 8 of the
Investment Company Act
(e) ( ) Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940
(f) ( ) Employee Benefit Plan, Pension Fund which is subject to
the provisions of the Employee Retirement Income
Security Act of 1974 or Endowment Fund
(g) ( ) Parent Holding Company, in accordance with
ss.240.13d-1 (b)(1)(ii)(G)
(h) ( ) Group, in accordance with ss.240.13d-1 (b)(1)(ii)(H)
<PAGE>
Item 4 Ownership
(a) Amount Beneficially Owned 10,500,000
(b) Percent of Class
(i) sole power to vote or to direct the vote 6.8%
(ii) shared power to vote or to direct the vote 0
(iii) sole power to dispose or to direct the
disposition of 6.8%
(iv) shared power to dispose or to direct the
disposition of 0
Item 5 Ownership of Five Percent or Less of a Class
If this statement is being filed to report the
fact that as of the date hereof the reporting
person has ceased to be the beneficial owner of
more than five percent of the class of securities,
check the following [ ].
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.
The filing person owns Class A shares of 1233231 Ontario
Inc. exchangeable for an aggregate of 8,000,000 common
shares of the issuer. The filing person also owns warrants
to acquire an aggregate of 2,500,000 common shares of
the issuer.
Item 8 Identification and Classification of Members of the Group
Not applicable
Item 9 Notice of Dissolution of Group
Not applicable
Item 10 Certification
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to
above were acquired in the ordinary course of
business and were not acquired for the purpose of
and do not have the effect of changing or
influencing the control of the issuer of such
securities and were not acquired in connection
with or as a participant in any transaction having
such purposes or effect.
<PAGE>
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.
CANADIAN IMPERIAL BANK OF COMMERCE
Dated: September 19, 2000 /s/ Patricia A. Bourdon
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Signature
Patricia A. Bourdon, Assistant Secretary
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Name/Title
