Associated tags: REIT, Housing, Finance, Professional Services, Construction & Property, NYSE, Residential Building & Real Estate, Sequoioideae, Commercial Building & Real Estate, Banking, Security (finance)
Locations: CANADA, OAK TREE, CALIFORNIA, UNITED STATES, NORTH AMERICA, PHILADELPHIA, DELAWARE
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Airline Redwood Trust, Inc. (NYSE:RWT; "Redwood", the "Company", "we" or "our"), a leader in expanding access to housing for homebuyers and renters, today reported its financial results for the quarter ended March 31, 2024.
Key Points:
- Redwood Trust, Inc. (NYSE:RWT; "Redwood", the "Company", "we" or "our"), a leader in expanding access to housing for homebuyers and renters, today reported its financial results for the quarter ended March 31, 2024.
- Abate continued, "Overall, our first quarter results are reflective of tangible, positive financial momentum, substantiating the impact of our strategies.
- A further discussion of Redwood's business and financial results is included in the first quarter 2024 Shareholder Letter and Redwood Review which are available under "Financial Info" within the Investor Relations section of the Company’s website at redwoodtrust.com/investor-relations.
- Redwood will host an earnings call today, April 30, 2024, at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time to discuss its first quarter 2024 financial results.
Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, is scheduled to release its first quarter 2024 results on April 30, 2024 after the close of the market.
Key Points:
- Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, is scheduled to release its first quarter 2024 results on April 30, 2024 after the close of the market.
- Redwood's senior management team plans to hold a conference call to discuss its first quarter 2024 financial results later that same day at 2:00 pm Pacific Time / 5:00 pm Eastern Time.
- The conference call will be webcast live in listen-only mode through the News & Events section of Redwood Trust’s Investor Relations website at https://www.redwoodtrust.com/investor-relations/news-events/events .
- To listen to the webcast, please go to Redwood's website at least 15 minutes before the call to register and to download and install any needed audio software.
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Multimedia Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, and Canada Pension Plan Investment Board (“CPP Investments”), through subsidiaries of CPPIB Credit Investments Inc., today announced a $750 million strategic capital partnership.
Key Points:
- Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, and Canada Pension Plan Investment Board (“CPP Investments”), through subsidiaries of CPPIB Credit Investments Inc., today announced a $750 million strategic capital partnership.
- View the full release here: https://www.businesswire.com/news/home/20240319990631/en/
The partnership consists of a newly formed $500 million Asset Joint Venture and a $250 million corporate secured financing facility that CPP Investments is providing to Redwood.
- Together, CPP Investments and Redwood will contribute up to $500 million of equity to the Joint Venture, with an anticipated split of 80% from CPP Investments and 20% from Redwood.
- “We are thrilled to announce this strategic partnership with CPP Investments, whose experienced team sees the power of Redwood’s franchise and the financial assets we procure,” said Christopher Abate, Chief Executive Officer of Redwood.
In addition to outlining the Company’s long-term vision and strategic outlook, the event will commemorate Redwood’s 30th anniversary.
Key Points:
- In addition to outlining the Company’s long-term vision and strategic outlook, the event will commemorate Redwood’s 30th anniversary.
- Redwood’s Investor Day will be webcast live in listen-only mode through the Investor Day section of Redwood Trust’s Investor Relations website at https://www.redwoodtrust.com/investor-relations/investor-day .
- A presentation related to the event will be posted to the Investor Day and Presentations section of Redwood’s website.
- In addition, an audio replay of the Investor Day will also be available under the Investor Day section of Redwood's website following the event.
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 2024 common and preferred stock dividends.
Key Points:
- 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 2024 common and preferred stock dividends.
- The Board has authorized the declaration of a first quarter 2024 regular common stock dividend of $0.16 per share.
- The first quarter 2024 common stock dividend is payable on March 28, 2024 to stockholders of record on March 21, 2024.
- Dividends for the Series A are payable on April 15, 2024 to stockholders of record on April 1, 2024.
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Tuesday, February 20, 2024
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CAFL Redwood Trust, Inc. (NYSE:RWT; "Redwood", the "Company", "we" or "our"), a leader in expanding access to housing for homebuyers and renters, today reported its financial results for the quarter ended December 31, 2023.
Key Points:
- Redwood Trust, Inc. (NYSE:RWT; "Redwood", the "Company", "we" or "our"), a leader in expanding access to housing for homebuyers and renters, today reported its financial results for the quarter ended December 31, 2023.
- Prior to the fourth quarter of 2023, the Residential Consumer Mortgage Banking segment was named Residential Mortgage Banking and the Residential Investor Mortgage Banking segment was named Business Purpose Mortgage Banking.
- A further discussion of Redwood's business and financial results is included in the fourth quarter 2023 Shareholder Letter and Redwood Review which are available under "Financial Info" within the Investor Relations section of the Company’s website at redwoodtrust.com/investor-relations.
- Redwood will host an earnings call today, February 20, 2024, at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time to discuss its fourth quarter 2023 financial results.
Retrieved on:
Thursday, February 1, 2024
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News Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, is scheduled to release its fourth quarter 2023 results on February 20, 2024 after the close of the market.
Key Points:
- Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, is scheduled to release its fourth quarter 2023 results on February 20, 2024 after the close of the market.
- Redwood's senior management team plans to hold a conference call to discuss its fourth quarter 2023 financial results later that same day at 2:00 pm Pacific Time / 5:00 pm Eastern Time.
- The conference call will be webcast live in listen-only mode through the News & Events section of Redwood Trust’s Investor Relations website at https://www.redwoodtrust.com/investor-relations/news-events/events .
- To listen to the webcast, please go to Redwood's website at least 15 minutes before the call to register and to download and install any needed audio software.
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Holding company Redwood Trust, Inc. (NYSE: RWT, “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced tax information regarding its dividend distributions for 2023.
Key Points:
- Redwood Trust, Inc. (NYSE: RWT, “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced tax information regarding its dividend distributions for 2023.
- All common stock dividend distributions paid during 2023 are reportable on shareholders' 2023 federal income tax returns, including the first quarter 2023 regular dividend distribution of $0.23 per share and three quarterly regular dividend distributions of $0.16 per share for the second, third, and fourth quarters of 2023.
- All preferred stock dividend distributions paid during 2023 and in January 2024 are reportable on shareholders' 2023 federal income tax returns, including the short period dividend distribution of $0.60417 per share declared in the first quarter of 2023 and three quarterly dividend distributions of $0.625 per share declared in the second, third, and fourth quarters of 2023.
- The tables below provide more detailed information on the expected federal income tax characterization for each of Redwood's common and preferred stock dividend distributions that were attributable to 2023.
Retrieved on:
Thursday, January 18, 2024
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Egan-Jones Ratings Company Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”) today announced the pricing of an underwritten public offering of $60,000,000 aggregate principal amount of its 9.125% senior notes due 2029 (the “Notes”).
Key Points:
- Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”) today announced the pricing of an underwritten public offering of $60,000,000 aggregate principal amount of its 9.125% senior notes due 2029 (the “Notes”).
- Redwood intends to apply to list the Notes on the New York Stock Exchange under the symbol “RWTN” and, if the application is approved, trading of the Notes on the New York Stock Exchange is expected to begin within 30 days after the Notes are first issued.
- The Notes have received an investment grade rating of BBB from Egan-Jones Ratings Company, an independent, unaffiliated rating agency.
- The Notes will be senior unsecured obligations of Redwood.
Retrieved on:
Thursday, December 7, 2023
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 fourth quarter 2023 common and preferred stock dividends.
Key Points:
- 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 fourth quarter 2023 common and preferred stock dividends.
- The Board has authorized the declaration of a fourth quarter 2023 regular common stock dividend of $0.16 per share.
- The fourth quarter 2023 common stock dividend is payable on December 28, 2023 to stockholders of record on December 20, 2023.
- 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 fourth quarter of 2023 of $0.625 per share.
