AVAILABLE INFORMATION
You should purchase the securities only if you have read and understood the following
documents:
•
this Offering Circular Supplement (this "Supplement") and
•
the Base Offering Circular for Guaranteed Multifamily REMIC Pass-Through Securities
dated as of October 1, 2004 (hereinafter referred to as the "Multifamily Base Offering
Circular").
The Multifamily Base Offering Circular is available on Ginnie Mae's website located at
http://www.ginniemae.gov.
If you do not have access to the internet, call JPMorgan Chase Bank, N.A., which will act as
information agent for the Trust, at (800) 234-GNMA, to order copies of the Multifamily Base
Offering Circular.
In addition, you can obtain copies of the disclosure documents related to the Ginnie Mae
Multifamily Certificates by contacting JPMorgan Chase Bank, N.A. at the telephone number
listed above.
Please consult the standard abbreviations of Class Types included in the Multifamily Base
Offering Circular as Appendix I and the Glossary included in the Multifamily Base Offering
Circular as Appendix II for definitions of capitalized terms.
TABLE OF CONTENTS
Page
Terms Sheet ................................................
S-4
Risk Factors..................................................
S-7
The Ginnie Mae Multifamily
Certificates................................................
S-9
Ginnie Mae Guaranty ................................ S-14
Description of the Securities .................. S-14
Yield, Maturity and Prepayment
Considerations ........................................ S-17
Page
Certain Federal Income Tax
Consequences.......................................... S-26
ERISA Matters.............................................. S-28
Legal Investment Considerations............ S-28
Plan of Distribution .................................. S-29
Increase in Size .......................................... S-29
Legal Matters................................................ S-29
Exhibit A ...................................................... A-1
S-3