J.P. Morgan Chase Commercial Mortgage Securities Corp., a steady issuer of pass-through certificates through 2007, has filed a shelf Registration Statement on Form S-3 to offer a new series of collateralized mortgage obligations. When SEC file no. 333-165147 is declared effective, the subsequent prospectus supplement will be the first one filed by the subsidiary since a $993.9 million offering dated 4/30/08.
JPMCCMSC has registered CMO certificates for a proposed maximum aggregate offering of $58.3 billion. Pursuant to 1933 Act Rule 415(a)(6), $39.6 billion of unsold securities from its prior Registration (333-140804) are included in the new Registration.
The new Registration also relates to the Form S-3 filed by Bear Stearns Commercial Mortgage Securities Inc. (file no. 333-146993). The former Bear Stearns Companies' subsidiary was merged into the J.P. Morgan subsidiary on 12/22/09. Pursuant to 1933 Act Rule 429, the $18.6 billion of registered and unsold mortgage pass-through certificates under the BSCMI Registration will be offered under the same prospectus.
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