UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 13, 2025
REDWOOD TRUST, INC.
(Exact name of registrant as specified in its charter)
Maryland (State or other
jurisdiction of |
001-13759 (Commission |
68-0329422 (I.R.S. Employer |
One
Belvedere Place
Suite 300
Mill Valley, California
94941
(Address of principal executive offices and Zip Code)
(415) 389-7373
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading symbol(s) | Name of each exchange on which registered |
Common stock, par value $0.01 per share | RWT | New York Stock Exchange |
10% Series A Fixed-Rate Reset Cumulative Redeemable Preferred Stock, par value $0.01 per share | RWT PRA | New York Stock Exchange |
9.125% Senior Notes Due 2029 | RWTN | New York Stock Exchange |
9.0% Senior Notes Due 2029 | RWTO | New York Stock Exchange |
9.125% Senior Notes Due 2030 | RWTP | New York Stock Exchange |
Item 7.01. | Regulation FD Disclosure. |
On March 13, 2025, Redwood Trust, Inc. (the “Company”) issued a press release announcing that the Board of Directors (the "Board") declared first quarter 2025 common and preferred stock dividends.
The Board declared a first quarter 2025 regular common stock dividend of $0.18 per share, payable on March 31, 2025 to stockholders of record on March 24, 2025.
In accordance with the terms of the Company's 10.00% Series A Fixed-Rate Reset Cumulative Redeemable Preferred Stock (“Series A”), the Board declared a Series A dividend for the first quarter of 2025 of $0.625 per share. Dividends for the Series A are payable on April 15, 2025 to stockholders of record on April 1, 2025.
The information contained in this Item 7.01 and the attached Exhibit 99.1 is furnished to and not filed with the Securities and Exchange Commission, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as shall be expressly set forth by specific reference in such filing.
Item 9.01. | Financial Statements and Exhibits. |
(d) | Exhibits |
Exhibit 99.1 | Press Release issued March 13, 2025 |
Exhibit 104 | Cover Page Interactive Data File (embedded within the inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date: March 13, 2025 | REDWOOD TRUST, INC. | ||
By: | /s/ BROOKE E. CARILLO | ||
Name: | Brooke E. Carillo | ||
Title: | Chief Financial Officer |
Exhibit 99.1
REDWOOD TRUST ANNOUNCES FIRST QUARTER 2025 COMMON AND PREFERRED DIVIDENDS
MILL VALLEY, CA –– 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 first quarter 2025 common and preferred stock dividends.
Common Stock Dividend
The Board has authorized the declaration of a first quarter 2025 regular common stock dividend of $0.18 per share, unchanged from the fourth quarter of 2024. This marks the Company's 103rd consecutive quarterly common dividend. The first quarter 2025 common stock dividend is payable on March 31, 2025 to stockholders of record on March 24, 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 first quarter of 2025 of $0.625 per share. Dividends for the Series A are payable on April 15, 2025 to stockholders of record on April 1, 2025.
About Redwood
Redwood Trust, Inc. (NYSE: RWT) is a specialty finance company focused on several distinct areas of housing credit where we provide liquidity to growing segments of the U.S. housing market not well served by government programs. We deliver customized housing credit investments to a diverse mix of investors through our best-in-class securitization platforms, whole-loan distribution activities, and our publicly traded shares. We operate our business in three segments: Sequoia Mortgage Banking, CoreVest Mortgage Banking and Redwood Investments. Through RWT Horizons®, our venture investing initiative, we invest in early-stage companies that have a direct nexus to our operating platforms. Additionally, through Aspire, we directly originate home equity investment options to homeowners and purchase expanded home loan products from mortgage originators. Our goal is to provide attractive returns to shareholders through a stable and growing stream of earnings and dividends, capital appreciation, and a commitment to technological innovation that facilitates risk-minded scale. Redwood Trust is internally managed and structured as a real estate investment trust ("REIT") for tax purposes. For more information about Redwood, please visit our website at www.redwoodtrust.com or connect with us on LinkedIn.
CONTACT
Kaitlyn Mauritz, Head of Investor Relations
Phone: 866-269-4976
Email: investorrelations@redwoodtrust.com