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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): September 11, 2025
REDWOOD TRUST, INC.
(Exact name of registrant as specified in its charter)
|
Maryland (State or other
jurisdiction |
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 September 11, 2025, Redwood Trust, Inc. (the “Company”) issued a press release announcing that the Board of Directors (the "Board") declared third quarter 2025 common and preferred stock dividends.
The Board declared a third
quarter 2025 regular common stock dividend of $0.18 per share, payable on
September 30, 2025 to stockholders of record on September 23, 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 third quarter of 2025 of $0.625 per share. Dividends for the Series A are payable on October 15, 2025 to stockholders of record on October 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 September 11, 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: September 11, 2025 | REDWOOD TRUST, INC. |
| By: | /s/ BROOKE E. CARILLO | ||
| Name: | Brooke E. Carillo | ||
| Title: | Chief Financial Officer | ||
Exhibit 99.1
REDWOOD TRUST ANNOUNCES THIRD 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 third quarter 2025 common and preferred stock dividends.
Common Stock Dividend
The Board has authorized the declaration of a third quarter 2025 regular common stock dividend of $0.18 per share, unchanged from the second quarter of 2025. This marks the Company's 105th consecutive quarterly common dividend. The third quarter 2025 common stock dividend is payable on September 30, 2025 to stockholders of record on September 23, 2025.
“We are approaching record operating volumes across our businesses in the third quarter, a clear reflection of the strength of our platforms,” said Christopher Abate, Chief Executive Officer of Redwood. “As investor sentiment improves and our stock has responded, we see our ongoing ability to deliver stable dividends as an effective way to deliver value to shareholders. With rate expectations once again shifting in our favor, we believe Redwood is well positioned to carry forward the priorities we outlined in our recent second quarter earnings report.”
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 third quarter of 2025 of $0.625 per share. Dividends for the Series A are payable on October 15, 2025 to stockholders of record on October 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, joint ventures and our publicly traded shares. We operate through three core residential housing-focused operating platforms — Sequoia, Aspire, and CoreVest — alongside our complementary Redwood Investments portfolio which is primarily composed of assets we source through these platforms. In addition, through RWT Horizons®, our venture investing initiative, we invest in early-stage companies that have a direct nexus to our operating platforms. 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