Every 8-K that Redwood Trust, Inc. (RWT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow RWT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full RWT filings page.
Redwood Trust, Inc. (RWT) completed a private offering of $205 million aggregate principal amount of 7.00% Convertible Senior Notes due 2030, issued under an indenture with Wilmington Trust as trustee. The notes are senior unsecured obligations, paying interest semi-annually on March 15 and September 15, and mature on September 15, 2030, unless earlier repurchased, redeemed or converted.
The initial conversion rate is 204.0608 shares of common stock per $1,000 principal amount, implying a conversion price of approximately $4.90 per share, a 35% premium to the September 10, 2026 closing price. Redwood may settle conversions in cash or in cash plus shares, with at least the principal amount paid in cash based on a 25‑trading‑day observation period. Initially, up to 56,473,810 shares may be issuable upon conversion at the stated maximum conversion rate, subject to adjustment and ownership limits in Redwood’s charter.
The offering was sold to persons reasonably believed to be qualified institutional buyers under Rule 144A. Redwood intends to use approximately $129.29 million of net proceeds to repurchase about $123.79 million principal of its existing 7.75% convertible senior notes due 2027, leaving approximately $173.38 million of those notes outstanding, and approximately $20 million to repurchase 5,509,641 shares of common stock in privately negotiated transactions, with remaining proceeds for general corporate and investment purposes.
Redwood Trust, Inc. (RWT) declared third quarter 2026 dividends and announced balance-sheet actions including a planned convertible notes offering and sales of legacy loans. The Board declared a $0.18 per share common stock dividend, unchanged from the prior quarter and representing the 109th consecutive quarterly common dividend, payable September 30, 2026 to holders of record on September 23, 2026. The Board also declared a third quarter 2026 dividend on the 10.00% Series A preferred stock of $0.625 per share, payable October 15, 2026 to holders of record on October 1, 2026.
Redwood reached preliminary agreements to dispose of certain legacy bridge loans with an aggregate unpaid principal balance of up to $190 million, which management currently estimates would reduce book value per share by approximately 2% from the June 30, 2026 level. These dispositions are targeted to close late in the third quarter or early in the fourth quarter of 2026 and remain subject to definitive documentation and closing conditions. Separately, Redwood plans a private offering of $150 million aggregate principal amount of convertible senior notes due 2030, with an option for initial purchasers to buy up to an additional $22.5 million of notes. The company intends to use a portion of the net proceeds to repurchase part of its 2027 notes, up to $20 million to repurchase common stock, and the remainder for general corporate purposes and funding its housing credit platforms.
Redwood Trust, Inc. reported second-quarter 2026 results with a GAAP net loss of $2.9 million, or $(0.03) per basic and diluted common share. Non-GAAP Earnings Available for Distribution were $20.3 million, or $0.15 per share, and Core Segments EAD were $34.0 million, or $0.25 per share. GAAP book value per common share was $6.90 at June 30, 2026, down from $7.12 at March 31, 2026, and the company declared a $0.18 quarterly common dividend, producing an economic return on book value of (0.6)%.
Mortgage banking production exceeded $8 billion for the second consecutive quarter, generating $40.1 million of GAAP net income and a 33% annualized return on capital across Sequoia, Aspire and CoreVest. Sequoia locked $5.6 billion of loans, Aspire locked a record $2.1 billion, and CoreVest funded $410 million, while more than 20 securitizations were completed year-to-date.
Management highlights AI-enabled automation delivering approximately 23,600 annualized hours of time savings, over 50% above the first-quarter baseline, alongside stable gain-on-sale margins and lower cost per loan in key platforms. Unrestricted cash and cash equivalents were $192 million and recourse debt $4.5 billion at June 30, 2026, with recourse leverage of 5.0x. Legacy Investments produced a GAAP net loss of $(23.3) million, and capital allocated to this segment is described as falling toward less than 10% of total capital as positions are wound down.
Redwood Trust, Inc. reported that its mortgage banking businesses continued to grow in the second quarter of 2026, with aggregate volumes over $8 billion. Aspire, its non-QM platform, delivered record lock volume of $2.1 billion, up 32% from the first quarter.
The company currently estimates a modest 1% to 3% decline in GAAP book value at June 30, 2026 from the prior quarter, with economic return on book value for the quarter estimated between (1.0)% and 1.0%, including the $0.18 per share dividend. Redwood also highlighted strong liquidity, citing a corporate unsecured senior notes offering completed in May and $3.5 billion of excess available asset funding capacity at June 30, 2026. It expects to report full second quarter results on July 28, 2026 and outlined plans to launch an Aspire joint venture with an institutional capital partner in the third quarter.
Redwood Trust, Inc. announced that its Board of Directors declared second quarter 2026 dividends on both its common and preferred stock. The regular common stock dividend is $0.18 per share, unchanged from the first quarter of 2026, payable on June 30, 2026 to stockholders of record on June 23, 2026.
For its 10.00% Series A Fixed-Rate Reset Cumulative Redeemable Preferred Stock, the Board declared a second quarter 2026 dividend of $0.625 per share, payable on July 15, 2026 to stockholders of record on July 1, 2026. The common dividend represents Redwood’s 108th consecutive quarterly common dividend, underscoring its long-running emphasis on regular income distributions as a real estate investment trust focused on housing credit.
Redwood Trust, Inc. completed a registered underwritten public offering of $125,000,000 aggregate principal amount of 9.75% Senior Notes due 2031. Net proceeds were approximately $120.41 million, or $138.57 million if the underwriters’ over-allotment option for an additional $18,750,000 of notes is fully exercised.
The notes are senior unsecured obligations, paying interest at 9.75% per year, with quarterly payments beginning September 1, 2026, and maturing on June 1, 2031. Redwood Trust may redeem them at par plus accrued interest on or after June 1, 2028 and must offer to repurchase them at 101% of principal plus accrued interest upon a change of control repurchase event.
The company plans to use the net proceeds for general corporate purposes, including funding its Sequoia, Aspire, and CoreVest mortgage banking platforms, acquiring related assets for its Redwood Investments portfolio, and pursuing strategic acquisitions and investments.
Redwood Trust, Inc. entered into an underwriting agreement to issue $125,000,000 aggregate principal amount of 9.75% senior notes due 2031 in an underwritten public offering.
The company also granted the underwriters a 30-day option to purchase up to an additional $18,750,000 principal amount of notes to cover over-allotments. The notes are being issued off an existing Form S-3 shelf registration, with the offering expected to close on May 27, 2026.
Redwood Trust, Inc. reported results of its 2026 Annual Meeting of Stockholders. Stockholders approved an amendment to the Company’s 2014 Incentive Award Plan to increase the shares available for issuance by 8,500,000 shares of common stock, expanding the equity pool for employee and director awards.
All eight director nominees were elected to serve until the 2027 annual meeting, each receiving over 78 million votes in favor. Stockholders also ratified the appointment of Grant Thornton LLP as independent registered public accounting firm for the year ending December 31, 2026, with 102,402,420 votes in favor. A non-binding advisory resolution approving named executive officer compensation passed with 77,832,360 votes for.
There were 124,994,931 shares of common stock entitled to vote at the meeting, and each proposal received substantial support, including approval of the incentive plan amendment with 78,222,232 votes for versus 2,587,891 against.
Redwood Trust, Inc. reported first quarter 2026 results with a GAAP net loss of $7.3 million, or $(0.07) per basic and diluted share, while non-GAAP Earnings Available for Distribution ("EAD") were $27.1 million, or $0.21 per share, covering the $0.18 common dividend. Mortgage banking production reached a record $8.5 billion, up from $7.3 billion in the prior quarter, marking a third consecutive quarterly record.
GAAP book value per common share was $7.12 at March 31, 2026, down from $7.36 at December 31, 2025, producing an economic return on book value of (0.8)%. Sequoia locked $6.5 billion of loans with a 0.96% gain-on-sale margin and sharply lower cost per loan, while Aspire locked $1.6 billion and completed its inaugural SPIRE non-QM securitization of $391 million. CoreVest funded $432 million of loans and posted a segment GAAP net loss of $(3.4) million driven by $5.0 million of organizational restructuring expenses.
Legacy Investments recorded a GAAP net loss of $(13.1) million, and capital allocation to this segment declined to 15% of total invested capital. Unrestricted cash and cash equivalents were $202 million and recourse debt was $4.7 billion at March 31, 2026, with total assets of $26.8 billion.
Redwood Trust, Inc. announced a strategic joint venture with Castlelake, L.P. to purchase up to $8 billion of Sequoia-sourced prime jumbo mortgage loans. The venture can scale further, including acquiring seasoned loans from bank balance sheets.
Under the arrangement, Redwood’s Sequoia platform will source, aggregate and diligence loans that meet defined eligibility criteria, aiming for consistent execution and high-quality asset selection. Sequoia has purchased roughly $100 billion of loans and securitized over $50 billion since inception, while Castlelake has acquired or financed more than $10 billion in residential and commercial loans since 2024 and manages about $36 billion of assets.
Redwood Trust, Inc. announced that its Board of Directors declared first quarter 2026 dividends on both common and preferred stock. The regular common stock dividend is $0.18 per share, unchanged from the fourth quarter of 2025, marking the company’s 107th consecutive quarterly common dividend. It will be paid on March 31, 2026 to stockholders of record on March 24, 2026.
For its 10.00% Series A Fixed-Rate Reset Cumulative Redeemable Preferred Stock, the Board declared a first quarter 2026 dividend of $0.625 per share, payable on April 15, 2026 to stockholders of record on April 1, 2026. These actions underscore Redwood’s focus on delivering earnings and dividends within its housing credit-focused REIT model.
Redwood Trust, Inc. reported stronger results for the quarter and year ended December 31, 2025, driven by record mortgage banking activity. Fourth-quarter GAAP net income was $18.3 million, or $0.13 per share, compared with a loss of $0.08 per share in the prior quarter. Core segments non-GAAP Earnings Available for Distribution were $43.2 million, or $0.33 per basic share, reflecting a 23.8% annualized Core Segments EAD return on equity. Mortgage banking production reached a record $7.3 billion in the quarter and $23 billion for 2025, a 111% year-over-year increase, supporting a 26% full-year mortgage banking return on capital. GAAP book value per common share was $7.36 at year-end, after paying a $0.18 quarterly dividend, and the company repurchased 9.2 million shares for $53 million during 2025 while continuing to wind down its Legacy Investments portfolio.
Redwood Trust, Inc. filed a current report on Form 8-K to inform investors that it has issued a press release with tax information for its 2025 dividend distributions. The company states that this press release, dated January 29, 2026, is attached as Exhibit 99.1 and incorporated by reference.
The filing is presented under the "Other Events" section, indicating this is an informational update rather than a change to the company’s financial condition or operations. The report is signed on behalf of Redwood Trust by its Chief Financial Officer, Brooke E. Carillo.
Redwood Trust, Inc. furnished a current report to note that it has made a new investor presentation available. The materials can be accessed through the company’s website at www.redwoodtrust.com in the Investor Relations section under “Presentations,” and an archive of the presentation will remain available at that location for 90 days. The company states that this information is being furnished, not filed, under securities laws, meaning it is generally not incorporated into other Securities Act or Exchange Act filings unless specifically referenced.
Redwood Trust, Inc. details new long-term and 2026 compensation decisions for its CEO and other named executive officers. On December 11, 2025, the compensation committee granted 2025 year-end long-term equity awards made up of Deferred Stock Units, cash-settled RSUs, and Performance Stock Units under the 2014 Incentive Plan. The CEO received DSUs with an aggregate grant date fair value of $652,500, csRSUs of $815,625, and PSUs of $1,794,375, with other executives receiving proportionate awards.
The PSUs vest based on multi-year performance goals and, in some cases, continued employment, with earned PSUs scheduled to vest on January 1, 2029 and shares distributed within 45 days after March 31, 2029. Each PSU had a preliminary estimated grant date fair value of $5.955 as of November 20, 2025. The committee also modestly increased 2026 base salaries and target annual bonuses: the CEO’s salary rises 2.6% and target bonus 5%, while the CFO’s salary increases 1.7% and target bonus 4.2%, with no salary or bonus target increases for the other named officers.
Redwood Trust, Inc. (RWT) announced cash dividends for the fourth quarter of 2025. The Board of Directors declared a regular common stock dividend of $0.18 per share, payable on December 30, 2025 to stockholders of record on December 23, 2025.
The Board also declared a dividend on the 10.00% Series A Fixed-Rate Reset Cumulative Redeemable Preferred Stock of $0.625 per share for the fourth quarter of 2025. This Series A dividend is payable on January 15, 2026 to stockholders of record on January 1, 2026.
Redwood Trust, Inc. (RWT) completed a public offering of $100,000,000 aggregate principal amount of its 9.500% Senior Notes due 2030 in an underwritten transaction led by Morgan Stanley, Goldman Sachs, RBC, UBS, Wells Fargo, KBW and Piper Sandler. The company also granted the underwriters a 30-day option to buy up to an additional $15,000,000 of notes to cover over-allotments.
The notes are senior unsecured obligations, pay interest quarterly at 9.500% beginning March 1, 2026, and mature on December 1, 2030. Net proceeds were approximately $96.4 million, or $110.9 million if the over-allotment option is fully exercised. Redwood Trust plans to use the funds for general corporate purposes, including funding its Sequoia, Aspire and CoreVest mortgage banking platforms, acquiring related assets for its Redwood Investments portfolio, and pursuing strategic acquisitions and investments.
Redwood Trust, Inc. (RWT) filed a prospectus supplement tied to its existing at‑the‑market equity offering of common stock with an aggregate gross sales price of up to $175,000,000. The supplement is made under the company’s Form S-3 that became effective on March 3, 2025, replacing the prior automatic shelf.
The company also executed Amendment No. 2 to its distribution agreement with BTIG, Citizens JMP Securities, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and Wells Fargo Securities, to contemplate sales under the new registration statement and supplement. Material terms, including the $175,000,000 program size, remain unchanged. A legal opinion from Venable LLP was filed as an exhibit.
Redwood Trust (RWT) expanded its strategic partnership with CPP Investments, extending the joint venture commitment period by 18 months to September 2028 and upsizing its secured revolving financing facility to $400 million from $250 million. The facility’s term now runs until March 2027, with an optional 18‑month extension, at Redwood’s option, to September 2028.
Redwood also amended outstanding CPP Investments warrants, extending the exercise period to September 2030 and resetting the exercise price to $6.96 per share, described as a 20% premium to the trailing 30‑day volume‑weighted average price of Redwood common stock. These changes support additional capital access and align the warrant terms with recent trading levels.
Redwood Trust, Inc. (RWT) furnished materials related to its quarterly results via an 8‑K. The company announced the press release, the Redwood Trust Shareholder Letter – 3rd Quarter 2025, and The Redwood Review – 3rd Quarter 2025 for the quarter ended September 30, 2025 (Exhibits 99.1, 99.2, 99.3).
It also made Supplemental Financial Tables available on its website in Investor Relations under “Financials.” The information in Items 2.02 and 7.01 and the exhibits is furnished, not filed.
Redwood Trust, Inc. filed an 8-K disclosing a Regulation FD communication and related exhibits. A press release was issued on September 11, 2025. The filing notes a record date of September 23, 2025 and an action or distribution scheduled for September 30, 2025 to stockholders of record on that date. The cover page references a 10% Series A Fixed-Rate Reset Cumulative Redeemable Preferred Stock with $0.01 par value. The filing is signed by Brooke E. Carillo, Chief Financial Officer.
Redwood Trust, Inc. filed an 8-K dated August 25, 2025, reporting the creation of a direct financial obligation or an off-balance sheet arrangement and providing related exhibits. The filing references Item 2.03 for the creation of the obligation and Item 9.01 for financial statements and exhibits, and lists legal opinion exhibits from Latham & Watkins LLP and Venable LLP along with their consents. The cover page indicates the filing relates to a 10% Series A Fixed-Rate Reset Cumulative Redeemable Preferred Stock, par value $0.01 per share. The document is signed by Brooke E. Carillo, Chief Financial Officer.