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    Redwood Trust Inc. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

    12/12/24 4:16:14 PM ET
    $RWTO
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    false 0000930236 0000930236 2024-12-12 2024-12-12 0000930236 us-gaap:CommonStockMember 2024-12-12 2024-12-12 0000930236 us-gaap:SeriesAPreferredStockMember 2024-12-12 2024-12-12 0000930236 rwt:Percent9125SeniorNotesDue2029Member 2024-12-12 2024-12-12 0000930236 rwt:Percent9SeniorNotesDue2029Member 2024-12-12 2024-12-12 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

     

     

    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): December 12, 2024

     

     

     

    REDWOOD TRUST, INC.

    (Exact name of registrant as specified in its charter)

     

    Maryland

    (State or other jurisdiction
    of incorporation)

    001-13759

    (Commission
    File Number)

    68-0329422

    (I.R.S. Employer
    Identification No.)

     

    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

     

     

     

     

     

    Item 7.01.Regulation FD Disclosure.

     

    On December 12, 2024, Redwood Trust, Inc. (the “Company”) issued a press release announcing that the Board of Directors (the "Board") declared fourth quarter 2024 common and preferred stock dividends.

     

    The Board declared a fourth quarter 2024 regular common stock dividend of $0.18 per share, payable on December 30, 2024 to stockholders of record on December 23, 2024.

     

    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 fourth quarter of 2024 of $0.625 per share. Dividends for the Series A are payable on January 15, 2025 to stockholders of record on January 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 December 12, 2024
    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: December 12, 2024 REDWOOD TRUST, INC.
       
      By: /s/ BROOKE E. CARILLO
        Name: Brooke E. Carillo
        Title: Chief Financial Officer

     

     

     

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