FORM 18-K
FOR FOREIGN GOVERNMENTS AND POLITICAL SUBDIVISIONS THEREOF
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
ANNUAL REPORT
OF
CANADA MORTGAGE AND HOUSING
CORPORATION
(AN AGENT OF HER MAJESTY IN RIGHT OF CANADA)
(NAME OF REGISTRANT)
DATE OF END OF LAST FISCAL YEAR: DECEMBER 31, 2004
SECURITIES REGISTERED*
(AS OF CLOSE OF THE FISCAL YEAR)
================================================================================
Title of issue Amounts as to Name of exchanges on
which registration which registered
is effective
- --------------------------------------------------------------------------------
N/A N/A N/A
================================================================================
Names and address of persons authorized to receive notices
and communications from the Securities and Exchange Commission:
WILLIAM R. CROSBIE
Minister - Counselor
Economic and Trade Policy
Canadian Embassy
501 Pennsylvania Avenue, N.W.
Washington, D.C. 20001
Copies to:
PIERRE SERRE ROBERT W. MULLEN, JR.
Vice-President, Milbank, Tweed, Hadley & McCloy LLP
Finance and Chief Financial Officer 1 Chase Manhattan Plaza
Canada Mortgage and Housing Corporation New York, New York 10005
National Office
700 Montreal Road
Ottawa, ON K1A 0P7
* The Registrant is filing this annual report on a voluntary basis.
The information set forth below is to be furnished:
1. In respect of each issue of securities of the registrant registered, a
brief statement as to:
(a) The general effect of any material modifications, not previously
reported, of the rights of the holders of such securities.
None.
(b) The title and the material provisions of any law, decree or
administrative action, not previously reported, by reason of which the
security is not being serviced in accordance with the terms thereof.
None.
(c) The circumstances of any other failure, not previously reported, to
pay principal, interest, or any sinking fund or amortization
installment.
None.
2. A statement as of the close of the last fiscal year of the registrant
giving the total outstanding of:
(a) Internal funded debt of the registrant. (Total to be stated in the
currency of the registrant. If any internal funded debt is payable in
a foreign currency, it should not be included under this paragraph
(a), but under paragraph (b) of this item.)
Certain information concerning internal funded debt of the registrant
is included in Exhibit 1 hereto and in Canada's Annual Report on Form
18-K.
(b) External funded debt of the registrant. (Totals to be stated in the
respective currencies in which payable. No statement need be furnished
as to inter-governmental debt.)
Certain information concerning external funded debt of the registrant
is included in Exhibit 1 hereto and in Canada's Annual Report on Form
18-K.
3. A statement giving the title, date of issue, date of maturity, interest
rate and amount outstanding, together with the currency or currencies in
which payable, of each issue of funded debt of the registrant outstanding
as of the close of the last fiscal year of the registrant.
- 2 -
Certain information concerning the funded debt of the registrant is included in
Exhibit 1 hereto and in Canada's Annual Report on Form 18-K.
4. (a) As to each issue of securities of the registrant which is registered,
there should be furnished a breakdown of the total amount outstanding,
as shown in Item 3, into the following:
(1) Total amount held by or for the account of the registrant.
As at December 31, 2004, no such amount was held by the
registrant.
(2) Total estimated amount held by nationals of the registrant (or if
registrant is other than a national government by the nationals
of its national government); this estimate need be furnished only
if it is practicable to do so.
Not practicable to furnish.
(3) Total amount otherwise outstanding.
Not applicable.
(b) If a substantial amount is set forth in answer to paragraph (a)(1)
above, describe briefly the method employed by the registrant to
reacquire such securities.
Not applicable.
5. A statement as of the close of the last fiscal year of the registrant
giving the estimated total of:
(a) Internal floating indebtedness of the registrant. (Total to be stated
in the currency of the registrant.)
Certain information concerning internal floating indebtedness of the
registrant is included in Exhibit 1 hereto and in Canada's Annual
Report on Form 18-K.
(b) External floating indebtedness of the registrant. (Total to be stated
in the respective currencies in which payable.)
Certain information concerning External floating indebtedness of the
registrant is included in Exhibit 1 hereto and in Canada's Annual
Report on Form 18-K.
- 3 -
6. Statements of the receipts, classified by source, and of the expenditures,
classified by purpose, of the registrant for each fiscal year of the
registrant ended since the close of the latest fiscal year for which such
information was previously reported. These statements should be so itemized
as to be reasonably informative and should cover both ordinary and
extraordinary receipts and expenditures; there should be indicated
separately, if practicable, the amount of receipts pledged or otherwise
specifically allocated to any issue registered, indicating the issue.
See Exhibit 1 hereto.
7. (a) If any foreign exchange control, not previously reported, has been
established by the registrant (or if the registrant is other than a
national government, by its national government), briefly describe the
effect of any such action, not previously reported.
None.
(b) If any foreign exchange control previously reported has been
discontinued or materially modified, briefly describe the effect of
any such action, not previously reported.
Not applicable.
8. Brief statements as of a date reasonably close to the date of the filing of
this report (indicating such date), in respect of the note issue and gold
reserves of the central bank of issue of the registrant, and of any further
gold stocks held by the registrant.
See Canada's Annual Report on Form 18-K.
9. Statements of imports and exports of merchandise for each year ended since
the close of the latest year for which such information was previously
reported. Such statements should be reasonably itemized so far as
practicable as to commodities and as to countries. They should be set forth
in terms of value and of weight or quantity; if statistics have been
established only in terms of value, such will suffice.
See Canada's Annual Report on Form 18-K.
10. The balances of international payments of the registrant for each year
ended since the close of the latest year for which such information was
previously reported. The statements of such balances should conform, if
possible, to the nomenclature and form used in the "Statistical Handbook of
the League of Nations." (These statements need be furnished only if the
registrant has published balances of international payments.)
See Canada's Annual Report on Form 18-K.
- 4 -
This annual report comprises:
(a) Pages numbered 1 to 6 consecutively
(b) The following exhibits:
(1) Canada Mortgage and Housing Corporation.
- General Information
- Financial Highlights of Operations
- Controls and Financing Authorities
- Indebtedness and Equity
- Canada Mortgage and Housing Corporation Financial Highlights
- Funding
- Board of Directors and Principal Officers
- Management's Report
- Auditors' Report
- Financial Statements as at December 31, 2004
(2) Consent of Richard Flageole, FCA, Assistant Auditor General for
the Auditor General of Canada and Raymond Chabot Grant Thornton,
LLP.
(3) Auditor General Power of Attorney.
This annual report is filed subject to the instructions for Form 18-K for
Foreign Governments and Political Subdivisions Thereof.
- 5 -
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this annual report to be signed on its behalf by the
undersigned, thereunto duly authorized, at Ottawa, Ontario, Canada, on the 11th
day of May 2005.
Canada Mortgage and Housing Corporation
By: /s/ Pierre Serre
-----------------------------------
Pierre Serre
Vice-President, Finance and
Chief Financial Officer
- 6 -
EXHIBIT INDEX
(1) Canada Mortgage and Housing Corporation
- General Information
- Financial Highlights of Operations
- Controls and Financing Authority
- Indebtedness and Equity
- Canada Mortgage and Housing Corporation Financial Highlights
- Funding
- Board of Directors and Principal Officers
- Management's Report
- Auditors' Report
- Financial Statements as at December 31, 2004
(2) Consent of Richard Flageole, FCA, Assistant Auditor General, for the
Auditor General of Canada and Raymond Chabot Grant Thornton, LLP
(3) Auditor General Power of Attorney