Company: RWT-PA
Filing Date: 2025-01-16
Form Type: 424B5
Source: 0001104659-25-004099
Chunk: 135

Company: REDWOOD TRUST INC
Filing Date: 2025-01-16
Form: 424B5
Chunk 135
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 an individual is ordinarily his or her social security 
 number;                                                                                                                        |

<div align='center'>50</div>

| · | the holder                                             
 furnishes an incorrect taxpayer identification number; |

| · | the applicable                                                                                                                   
 withholding agent is notified by the IRS that the holder previously failed to properly report payments of interest or dividends; 
 or                                                                                                                               |

| · | the holder                                                                                                                          
 fails to certify under penalties of perjury that the holder has furnished a correct taxpayer identification number and that the IRS 
 has not notified the holder that the holder is subject to backup withholding.                                                       |

Backup withholding is not
an additional tax. Any amounts withheld under the backup withholding rules may be allowed as a refund or a credit against a U.S.
Holder’s U.S. federal income tax liability, provided the required information is timely furnished to the IRS. U.S. Holders should
consult their tax advisors regarding their qualification for an exemption from backup withholding and the procedures for obtaining such
an exemption.

Non-U.S. Holders

Payments of dividends on
our capital stock or interest on our debt securities generally will not be subject to backup withholding, provided the applicable withholding
agent does not have actual knowledge or reason to know the holder is a United States person and the holder either certifies its non-U.S.
status, such as by furnishing a valid IRS Form W-8BEN or W-8BEN-E or W-8ECI, or otherwise establishes an exemption. However, information
returns are required to be filed with the IRS in connection with any dividends on our capital stock or interest on our debt securities
paid to the Non-U.S. Holder, regardless of whether such distributions constitute a dividend or whether any tax was actually withheld.
In addition, proceeds of the sale or other taxable disposition of our capital stock or debt securities (including a retirement or redemption
of a debt security) within the United States or conducted through certain U.S.-related brokers generally will not be subject to backup
withholding or information reporting, if the applicable withholding agent receives the certification described above and does not have
actual knowledge or reason to know that such holder is a United States person, or the holder otherwise establishes an exemption. Proceeds
of a disposition of our capital stock or debt securities conducted through a non-U.S. office of a non-U.S. broker generally will not
be subject to backup withholding or information reporting.

Copies of information returns
that are filed with the IRS may also be made available under the provisions