Company: RWT-PA
Filing Date: 2025-11-07
Form Type: 424B5
Source: 0001104659-25-108580
Chunk: 7

Company: REDWOOD TRUST INC
Filing Date: 2025-11-07
Form: 424B5
Chunk 7
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 assumptions;

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the future realization of our deferred tax assets is uncertain, and the amount of valuation allowance we may apply against our deferred tax assets may change materially in future periods;

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the impact of changes to U.S. federal income tax laws on the U.S. housing market, mortgage finance markets, and our business;

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our failure to comply with applicable laws and regulation, including our ability to obtain or maintain governmental licenses;

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our ability to maintain our status as a REIT for tax purposes;

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limitations imposed on our business due to our REIT status and our status as exempt from registration under the Investment Company Act of 1940;

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our stock may experience price declines, volatility, and poor liquidity, and we may reduce our dividends;

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decisions about raising, managing, and distributing capital;

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dividend distributions and the timing and character of such dividends may change;

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limited number of institutional shareholders own a significant percentage of our common stock; and

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other factors not yet identified, including broad market fluctuations.

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### PROSPECTUS SUPPLEMENT SUMMARY
This summary highlights selected information appearing elsewhere or incorporated by reference in this prospectus supplement and the accompanying prospectus and any free writing prospectus that we have authorized for use in connection with this offering may not contain all of the information that is important to you. This prospectus supplement and the accompanying prospectus include information about the shares of common stock we are offering as well as information regarding our business and financial data. You should read this prospectus supplement and the accompanying prospectus, including information incorporated by reference, and any free writing prospectus that we have authorized for use in connection with this offering, in their entirety. Investors should carefully consider the information set forth under “Risk Factors” in this prospectus supplement and in our most recent Annual Report on Form 10-K filed with the SEC, which is incorporated by reference into this prospectus supplement and the accompanying prospectus.

#### About Redwood Trust, Inc.
Redwood Trust, Inc., together with its subsidiaries, is a specialty finance company focused on several distinct areas of housing credit where we provide liquidity to growing segments of the U.S. housing market not well served by government programs. We deliver customized housing credit investments to a diverse mix of investors, through our best-in-class securitization platforms, whole-loan distribution activities, joint ventures and our publicly traded shares. Our