Company: RWT-PA
Filing Date: 2025-01-16
Form Type: 424B5
Source: 0001104659-25-004099
Chunk: 7

Company: REDWOOD TRUST INC
Filing Date: 2025-01-16
Form: 424B5
Chunk 7
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. 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 and as updated by our subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, which are incorporated by reference into this prospectus supplement and the accompanying prospectus. Unless otherwise mentioned or unless the context requires otherwise, all references in this prospectus supplement to “Redwood,” “we,” “us,” “our” or similar references mean Redwood Trust, Inc. and its subsidiaries, except where it is made clear that the terms mean Redwood Trust, Inc. only. In statements regarding qualification as a REIT, such terms refer solely to Redwood Trust, Inc. Unless otherwise stated, all information contained in this prospectus supplement assumes no exercise of the underwriters’ option to purchase additional notes in this offering.

<div align='center'>About Redwood Trust, Inc.</div>

Redwood
Trust, Inc., together with its subsidiaries, is a specialty finance company focused on several distinct areas of housing credit
with a mission to help make quality housing, whether rented or owned, accessible to all American households. Our operating platforms
occupy a unique position in the housing finance value chain, providing 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 and our publicly-traded securities. Our aggregation, origination and investment
activities have evolved to incorporate a diverse mix of residential consumer and residential investor housing credit assets. Our goal
is to provide attractive returns to shareholders through a stable and growing stream of earnings and dividends, capital appreciation,
and a commitment to technological innovation that facilitates risk-minded scale. We operate our business in three segments: Residential
Consumer Mortgage Banking, Residential Investor Mortgage Banking, and Investment Portfolio.

Our
primary sources of income are net interest income from our investments and non-interest income from our mortgage banking activities.
Net interest income primarily consists of the interest income we earn on investments less the interest expense we incur on borrowed funds
and other liabilities. Income from mortgage banking activities is generated through the origination and acquisition of loans, and their
subsequent sale, securitization, or transfer to our investment portfolios.

Redwood
Trust, Inc. has elected to be taxed as a REIT under the Code beginning with its taxable