Company: RWT-PA
Filing Date: 2025-01-16
Form Type: 424B5
Source: 0001104659-25-004099
Chunk: 44

Company: REDWOOD TRUST INC
Filing Date: 2025-01-16
Form: 424B5
Chunk 44
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 prospectus supplement (such settlement being referred to as “T+2”).
Under Rule 15c6-1 under the Exchange Act, trades in the secondary market are required to settle in one business day, unless the
parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the notes prior to their delivery will
be required, by virtue of the fact that the notes will initially settle in T+2, to specify an alternative settlement arrangement at the
time of any such trade to prevent a failed settlement. Purchasers of the notes who wish to trade the notes prior to their date of delivery
hereunder should consult their advisors.

<div align='center'>S-26</div>

Sales Outside of the United States

Hong Kong. This document has not been delivered for registration to the Registrar of Companies in Hong Kong and its contents have
not been reviewed or authorized by the Securities and Futures Commission of Hong Kong (SFC) or any other regulatory authority in Hong
Kong. Accordingly, please note that (1) the notes may not be offered to sell or sold in Hong Kong by means of this document or any
other document other than to “professional investors” within the meaning of Part 1 of Schedule 1 to the Securities and
Futures Ordinance of Hong Kong (Cap. 571) (SFO) and any rules made thereunder including the Securities and Futures (Professional
Investor) Rules (Cap. 571D), or in other circumstances which do not result in this document being a “prospectus” as
defined in the Companies (Winding Up and Miscellaneous Provisions) Ordinance of Hong Kong (Cap. 32) (C(WUMP)O) or which do not constitute
an offer to the public within the meaning of the C(WUMP)O and as permitted under the SFO, and (2) no person shall issue, or possess
for the purposes of issue, circulate, or distribute, whether in Hong Kong or elsewhere, any advertisement, invitation or other document
relating to the notes which is directed at, or the contents of which are likely to be accessed or read by, the public in Hong Kong (except
if permitted to do so under the securities laws of Hong Kong) other than (i) with respect to the notes which are or are intended
to be disposed of only to persons outside Hong Kong or only to “professional investors” within the meaning of the SFO and
any other rules made