Company: RWT-PA
Filing Date: 2025-03-03
Form Type: S-3ASR
Source: 0001104659-25-019828
Chunk: 95

Company: REDWOOD TRUST INC
Filing Date: 2025-03-03
Form: S-3ASR
Chunk 95
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58

PART II
INFORMATION NOT REQUIRED IN PROSPECTUS</div>

Item 14. Other Expenses
of Issuance and Distribution.

The following table itemizes
the expenses incurred by the Registrant in connection with the issuance and registration of the securities being registered hereunder.
All amounts shown are estimates except the Securities and Exchange Commission registration fee.

| SEC                     
 registration fee        |     | $ | (1 | ) |
| FINRA filing            
 fee                     |     | $ | (2 | ) |
| Printing and            
 engraving expenses      |     | $ | (2 | ) |
| Legal fees              
 and expenses            |     | $ | (2 | ) |
| Accounting              
 fees and expenses       |     | $ | (2 | ) |
| Blue Sky, qualification 
 fees and expenses       |     | $ | (2 | ) |
| Fees of rating          
 agencies                |     | $ | (2 | ) |
| Trustee fees            
 and expenses            |     | $ | (2 | ) |
| Transfer agent          
 fees and expenses       |     | $ | (2 | ) |
| NYSE listing            
 fees                    |     | $ | (2 | ) |
| Federal and             
 state taxes and fees    |     | $ | (2 | ) |
| Miscellaneous           
 fees and expenses       |     | $ | (2 | ) |
| Total                   |     | $ | (2 | ) |

| (1) | Under SEC Rules 456(b) and 457(r), the SEC                                               
 registration fee will be paid at the time of any particular offering of securities under 
 the registration statement, and is therefore not currently determinable.                 |

| (2) | These fees are calculated based on the securities                                     
 offered and the number of issuances and accordingly cannot be estimated at this time. |

Item 15. Indemnification
of Directors and Officers.

Maryland law permits a Maryland
corporation to include in its charter a provision limiting the liability of its directors and officers to the corporation and its stockholders
for money damages except for liability resulting from (a) actual receipt of an improper benefit or profit in money, property, or
services or (b) active and deliberate dishonesty established by a final judgment as being material to the cause of action. The charter
of the registrant contains such a provision which eliminates such liability to the maximum extent permitted by Maryland law.

The charter and bylaws of
the registrant require