Recent Updates — RWT
Redwood Trust, Inc. announced that it will release its financial results for the third quarter of 2026 on Tuesday, November 3, 2026, after the close of trading on the New York Stock Exchange. The company's senior management team plans to host a conference call and webcast at 5:00 p.m. Eastern Time that same afternoon to discuss the results. During the quarter, the company distributed more than $8 billion of mortgage loans through securitizations and whole loan sales while maintaining approximately $190 million in cash and cash equivalents. Redwood Trust is a specialty finance company focused on providing liquidity to underserved segments of the U.S. housing market.
Redwood Trust priced an upsized $185 million offering of 7.00% Convertible Senior Notes due 2030, with a full exercise of the over-allotment option bringing total issuance to $205 million. The notes carry an initial conversion price of approximately $4.90 per share and mature on September 15, 2030. Concurrently, the company agreed to repurchase approximately $123.79 million of its 7.75% convertible senior notes due 2027 and buy back roughly $20 million worth of common stock using net proceeds from the new debt issuance. Redwood Trust is a specialty finance company providing liquidity to housing credit segments through securitization, whole-loan distribution, and mortgage banking platforms.
Redwood Trust announced the declaration of its third quarter 2026 dividends and a new convertible debt offering. The Board declared a regular common stock dividend of $0.18 per share, payable September 30, 2026 to holders of record on September 23, 2026. Additionally, a Series A preferred stock dividend of $0.625 per share was declared, payable October 15, 2026 to holders of record on October 1, 2026. The company also announced plans to privately offer up to $172.5 million in aggregate principal amount of Convertible Senior Notes due 2030 to qualified institutional buyers. Net proceeds will be used for general corporate purposes and to repurchase shares or existing notes concurrently with pricing. Redwood Trust operates as a specialty finance company focused on housing credit, providing liquidity through securitization platforms and whole-loan distribution.
Redwood Trust, Inc. declared second quarter 2026 dividends for common and preferred stock. The Board declared a $0.18 per share common stock dividend payable on June 30, 2026, to stockholders of record on June 23, 2026. Additionally, the Board declared a $0.625 per share Series A preferred stock dividend payable on July 15, 2026, to stockholders of record on July 1, 2026. Redwood Trust, Inc. operates in the real estate investment trust (REIT) industry and provides mortgage-related investment services.