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22.08.25 - 14:03
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Redwood Trust Prices Reopening of $50 Million of 7.75% Convertible Senior Notes Due 2027 (Business Wire)
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MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”) today announced that it has priced the offering of $50 million aggregate principal amount of its 7.75% convertible senior notes due 2027 (the “Notes”) to certain investors in a direct placement registered under the Securities Act of 1933, as amended. The Notes will be issued as a reopening of, and will be part of the same series as, the 7.75% convertible senior notes due 2027 that the Company originally issued in June 2022 (the “Initial Notes”) and the 7.75% convertible senior notes due 2027 that the Company issued in October 2024 (the “Initial Additional Notes” and, together with the Initial Notes, the “Existing Notes”). Currently, $247,170,000 aggregate principal amount of Existing Notes are outstanding. The issuance and sale are expected to close on August 25, 2025, subject to the satisfaction of certain closing conditions.
Interest on the Notes is payable semi-annually in arrears o...
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22.08.25 - 01:21
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Redwood Trust Launches Reopening of $50 Million of 7.75% Convertible Senior Notes Due 2027 (Business Wire)
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MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”) today announced that it plans to offer, subject to market and other conditions, $50 million aggregate principal amount of its 7.75% convertible senior notes due 2027 (the “Notes”) in a direct placement registered under the Securities Act of 1933, as amended. The Notes will be issued as a reopening of, and will be part of the same series as, the 7.75% convertible senior notes due 2027 that the Company originally issued in June 2022 (the “Initial Notes”) and the 7.75% convertible senior notes due 2027 that the Company issued in October 2024 (the “Initial Additional Notes” and, together with the Initial Notes, the “Existing Notes”). Currently, $247,170,000 aggregate principal amount of Existing Notes are outstanding.
Redwood intends to use the net proceeds from this offering for general corporate purposes, which may include (i) funding of Redwood's operating business and investment activ...
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30.07.25 - 13:06
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Redwood Trust Announces Upsized Common Stock Repurchase Authorization to $150 Million (Business Wire)
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MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced that its Board of Directors has upsized the Company's authorization to repurchase common stock to $150 million. This stock repurchase authorization has no time limit and may be modified, suspended or discontinued at any time. The Board of Directors also continued its previous authorization for the repurchase of outstanding preferred stock and corporate debt securities.
“The Board's decision to increase our share repurchase capacity to $150 million reflects our strong conviction in the intrinsic value of our stock, the strength of our operating platforms, and our strategic positioning,” said Christopher Abate, Chief Executive Officer of Redwood. “Having initiated common stock repurchases in the second quarter 2025, we intend to use this expanded authorization proactively to support our stock and drive sharehold...
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30.07.25 - 13:06
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Redwood Trust Reports Second Quarter 2025 Financial Results and Accelerates Transition to Core Operating Strategy (Business Wire)
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Increases Share Repurchase Authorization to $150 MillionMILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE:RWT; "Redwood", the "Company"), a leader in expanding access to housing for homebuyers and renters, today reported its financial results for the quarter ended June 30, 2025. The Company also announced an expedited transition to the scalable and simplified operating model initially described at its March 2024 Investor Day, as well as an increased share repurchase authorization.
Accelerated shift towards operating model and wind-down of legacy portfolio holdings
Dispositions primarily focused on unsecuritized bridge loans and other non-core assets, now part of a new Legacy Investments(1) reporting segment
Expected to generate up to $200-$250 million of incremental capital by year-end 2025 for efficient redeployment, complementing $302 million of unrestricted cash at June 30, 2025
Immediate avenues for capital redeployment to grow high-earning, core operating initiatives...
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16.07.25 - 22:42
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Redwood Trust Announces Date of Second Quarter 2025 Financial Results Webcast and Conference Call (Business Wire)
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MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, is scheduled to release its second quarter 2025 results on Wednesday, July 30, 2025 before the open of the New York Stock Exchange. In addition, Redwood's senior management team plans to hold a conference call to discuss its second quarter 2025 financial results that same morning at 8:00 a.m. Eastern Time / 5:00 a.m. Pacific Time.
Webcast Information
The conference call will be webcast live in listen-only mode through the News & Events section of Redwood Trust's Investor Relations website at https://www.redwoodtrust.com/investor-relations/news-events/events. To listen to the webcast, please go to Redwood's website at least 15 minutes before the call to register and to download and install any needed audio software. An audio replay of the call will also be available on Redwood's website following the call.
Conference Call Informat...
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12.06.25 - 22:18
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Redwood Trust Announces Second Quarter 2025 Common and Preferred Dividends (Business Wire)
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MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced that its Board of Directors (the “Board”) has declared second quarter 2025 common and preferred stock dividends.
Common Stock Dividend
The Board has authorized the declaration of a second quarter 2025 regular common stock dividend of $0.18 per share, unchanged from the first quarter of 2025. This marks the Company's 104th consecutive quarterly common dividend. The second quarter 2025 common stock dividend is payable on June 30, 2025 to stockholders of record on June 23, 2025.
Preferred Stock Dividend
In accordance with the terms of Redwood's 10.00% Series A Fixed-Rate Reset Cumulative Redeemable Preferred Stock (“Series A”), the Board authorized the declaration of a Series A dividend for the second quarter of 2025 of $0.625 per share. Dividends for the Series A are payable on July 15, 2025 to stockholders of...
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06.05.25 - 22:12
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What Analysts Are Saying About Redwood Trust Stock (Benzinga)
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Latest Ratings for RWT
DateFirmActionFromTo Feb 2022Credit SuisseMaintainsOutperform Nov 2021Wells FargoInitiates Coverage OnEqual-Weight Oct 2021Raymond JamesMaintainsStrong Buy
View More Analyst Ratings for RWT
View the Latest Analyst Ratings
read more...
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16.04.25 - 22:21
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Redwood Trust Announces Date of First Quarter 2025 Financial Results Webcast and Conference Call (Business Wire)
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MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, is scheduled to release its first quarter 2025 results on Wednesday, April 30, 2025 after the close of the New York Stock Exchange. In addition, Redwood's senior management team plans to hold a conference call to discuss its first quarter 2025 financial results later that same day at 5:00 p.m. Eastern Time / 2:00 p.m. Pacific Time.
Webcast Information
The conference call will be webcast live in listen-only mode through the News & Events section of Redwood Trust's Investor Relations website at https://www.redwoodtrust.com/investor-relations/news-events/events. To listen to the webcast, please go to Redwood's website at least 15 minutes before the call to register and to download and install any needed audio software. An audio replay of the call will also be available on Redwood's website following the call.
Conference Call Informa...
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