Redwood Trust Files 8-K: Stock & Senior Notes Detailed
Ticker: RWTO · Form: 8-K · Filed: Mar 7, 2024 · CIK: 930236
| Field | Detail |
|---|---|
| Company | Redwood Trust Inc (RWTO) |
| Form Type | 8-K |
| Filed Date | Mar 7, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01, $0.16, $0.625 |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-reporting, debt-issuance, preferred-stock
Related Tickers: RWT
TL;DR
RWT 8-K out: Details on common stock, Series A preferred, and 9.125% Senior Notes due 2029.
AI Summary
On March 7, 2024, Redwood Trust, Inc. filed an 8-K report detailing a Regulation FD Disclosure and Financial Statements and Exhibits. The filing includes information related to its Common Stock, Series A Preferred Stock, and Percent 9.125% Senior Notes Due 2029.
Why It Matters
This filing provides crucial updates on Redwood Trust's financial instruments, including common stock, preferred stock, and senior notes, which are important for investors to assess the company's financial health and obligations.
Risk Assessment
Risk Level: low — This is a routine filing of financial information and exhibits, not indicating any immediate material adverse events.
Key Numbers
- 9.125% — Senior Notes Interest Rate (Interest rate for the Percent 9.125% Senior Notes Due 2029.)
- 2029 — Senior Notes Maturity Year (Maturity year for the Percent 9.125% Senior Notes.)
Key Players & Entities
- Redwood Trust, Inc. (company) — Registrant
- March 7, 2024 (date) — Date of earliest event reported
- 9.125% (dollar_amount) — Interest rate on Senior Notes
- 2029 (date) — Maturity year of Senior Notes
FAQ
What specific financial statements or exhibits are included in this 8-K filing?
The filing indicates 'Financial Statements and Exhibits' are included, but the specific details of these documents are not provided in the excerpt.
What is the purpose of a Regulation FD Disclosure?
Regulation FD (Fair Disclosure) aims to prevent selective disclosure of material nonpublic information by requiring companies to make public disclosures of such information.
What is the significance of the Series A Preferred Stock mentioned?
The Series A Preferred Stock is a class of stock issued by Redwood Trust, Inc., and its inclusion in the filing suggests it is a relevant financial instrument for the company.
What is the principal executive office address for Redwood Trust, Inc.?
The principal executive offices are located at One Belvedere Place, Suite 300, Mill Valley, California 94941.
What is the I.R.S. Employer Identification No. for Redwood Trust, Inc.?
The I.R.S. Employer Identification No. for Redwood Trust, Inc. is 68-0329422.
Filing Stats: 594 words · 2 min read · ~2 pages · Grade level 9.8 · Accepted 2024-03-07 16:16:00
Key Financial Figures
- $0.01 — ichregistered Common stock, par value $0.01 per share RWT New York Stock Exchange
- $0.16 — r 2024 regular common stock dividend of $0.16 per share, payable on March 28, 2024 to
- $0.625 — vidend for the first quarter of 2024 of $0.625 per share. Dividends for the Series A a
Filing Documents
- tm248041d1_8k.htm (8-K) — 34KB
- tm248041d1_ex99-1.htm (EX-99.1) — 7KB
- tm248041d1_ex99-1img001.jpg (GRAPHIC) — 3KB
- 0001104659-24-031907.txt ( ) — 269KB
- rwt-20240307.xsd (EX-101.SCH) — 3KB
- rwt-20240307_def.xml (EX-101.DEF) — 27KB
- rwt-20240307_lab.xml (EX-101.LAB) — 37KB
- rwt-20240307_pre.xml (EX-101.PRE) — 25KB
- tm248041d1_8k_htm.xml (XML) — 6KB
01
Item 7.01. Regulation FD Disclosure. On March 7, 2024, Redwood Trust, Inc. (the "Company") issued a press release announcing that the Board of Directors (the "Board") declared first quarter 2024 common and preferred stock dividends. The Board declared a first quarter 2024 regular common stock dividend of $0.16 per share, payable on March 28, 2024 to stockholders of record on March 21, 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 first quarter of 2024 of $0.625 per share. Dividends for the Series A are payable on April 15, 2024 to stockholders of record on April 1, 2024. 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.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit 99.1 Press Release issued March 7, 2024 Exhibit 104 Cover Page Interactive Data File (embedded within the inline XBRL document)
SIGNATURES
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: March 7, 2024 REDWOOD TRUST, INC. By: /s/ BROOKE E. CARILLO Name: Brooke E. Carillo Title: Chief Financial Officer