Company: RWT-PA
Filing Date: 2025-03-03
Form Type: S-3ASR
Source: 0001104659-25-019828
Chunk: 90

Company: REDWOOD TRUST INC
Filing Date: 2025-03-03
Form: S-3ASR
Chunk 90
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. federal income tax returns with respect to such losses.

Non-U.S. Holders should
consult their tax advisors regarding any applicable income tax treaties that may provide for different rules.

Information Reporting and Backup Withholding

U.S. Holders

A U.S. Holder may be
subject to information reporting and backup withholding when such holder receives payments on our capital stock or debt securities or
proceeds from the sale or other taxable disposition of our capital stock or debt securities (including a redemption or retirement of
a debt security). Certain U.S. Holders are exempt from backup withholding, including corporations and certain tax-exempt organizations.
A U.S. Holder will be subject to backup withholding if such holder is not otherwise exempt and:

| · | the                                                                                          
 holder fails to furnish the holder’s taxpayer identification number, which for an individual 
 is ordinarily his or her social security number;                                             |

| · | the                                                           
 holder furnishes an incorrect taxpayer identification number; |

| · | the                                                                                      
 applicable withholding agent is notified by the IRS that the holder previously failed to 
 properly report payments of interest or dividends; or                                    |

| · | the                                                                                         
 holder fails to certify under penalties of perjury that the holder has furnished a correct  
 taxpayer identification number and that the IRS has not notified the holder that the holder 
 is subject to backup withholding.                                                           |

Backup withholding is not
an additional tax. Any amounts withheld under the backup withholding rules may be allowed as a refund or a credit against a U.S. Holder’s
U.S. federal income tax liability, provided the required information is timely furnished to the IRS. U.S. Holders should
consult their tax advisors regarding their qualification for an exemption from backup withholding and the procedures for obtaining such
an exemption.

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Non-U.S. Holders

Payments of dividends on
our capital stock or interest on our debt securities generally will not be subject to backup withholding, provided the applicable withholding
agent does not have actual knowledge or reason to know the holder is a United States person and the holder either certifies its non-U.S. status,
such as by furnishing a valid IRS Form W-8BEN, W-8BEN-E or W-8ECI, or otherwise establishes an exemption. However, information returns
are required to be filed with the IRS in connection with any distributions on our capital stock or interest on our debt securities paid
to the Non-U.S. Holder, regardless of whether such distributions constitute a