Company: RWT-PA
Filing Date: 2025-01-15
Form Type: 424B5
Source: 0001104659-25-003632
Chunk: 47

Company: REDWOOD TRUST INC
Filing Date: 2025-01-15
Form: 424B5
Chunk 47
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 statement on Form S-3 we filed with the SEC under the Securities Act on March 4, 2022, and do not contain all the information set forth in the registration statement. Whenever a reference is made in this prospectus supplement or the accompanying prospectus to any of our contracts, agreements or other documents, the reference may not be complete and you should refer to the exhibits that are a part of the registration statement or the exhibits to the reports or other documents incorporated by reference in this prospectus supplement and the accompanying prospectus for a copy of such contract, agreement or other document. We file annual, quarterly and special reports, proxy statements and other information with the SEC. The SEC maintains a website that contains reports, proxy statements and other information about issuers, such as us, who file electronically with the SEC. The address of that website ishttp://www.sec.gov. Our public filings are also available to
the public on our website at www.redwoodtrust.com. The information contained on our website, however, is not, and should not be deemed
to be, a part of this prospectus supplement, the accompanying prospectus or any other report or filing filed with the SEC.

<div align='center'>S-28

INCORPORATION OF CERTAIN INFORMATION BY REFERENCE</div>

We incorporate
information into this prospectus supplement by reference, which means that we disclose important information to you by referring you
to other documents filed separately with the SEC. The information incorporated by reference is deemed to be part of this prospectus supplement,
except to the extent superseded by information contained herein or by information contained in documents filed with or furnished to the
SEC after the date of this prospectus supplement. This prospectus supplement and the accompanying prospectus incorporate by reference
the documents set forth below that have been previously filed with the SEC:

| · | all                                                                                          
 documents filed by Redwood Trust, Inc. with the SEC pursuant to Sections 13(a), 13(c),       
 14, or 15(d) of the Securities Exchange Act of 1934, as amended, after the date of this      
 prospectus and prior to the termination of the offering (but excluding any items, documents, 
 or portions of items or documents which are deemed “furnished” and not filed                 
 with the SEC).                                                                               |

We will provide
to each person, including any beneficial owner, to whom a prospectus supplement and accompanying prospectus is delivered, without charge
upon written or oral request, a copy of