Company: RWT-PA
Filing Date: 2025-01-16
Form Type: 424B5
Source: 0001104659-25-004099
Chunk: 71

Company: REDWOOD TRUST INC
Filing Date: 2025-01-16
Form: 424B5
Chunk 71
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 | the other rights                                                                                                        
 and privileges and any qualifications, limitations, or restrictions of the rights or privileges of the class or series. |

Transfer Agent, Registrar, and Dividend Disbursing Agent

The transfer agent and registrar
for our preferred stock is currently Computershare Trust Company, N.A. and its affiliate, Computershare Inc., acts as dividend disbursing
agent. If different, we will specify in the applicable prospectus supplement the transfer agent, registrar, and dividend disbursing agent
for any series of preferred stock offered by that prospectus supplement.

<div align='center'>14

DESCRIPTION
OF SECURITIES WARRANTS</div>

We may issue securities warrants
for the purchase of common stock or preferred stock, respectively referred to as common stock warrants and preferred stock warrants.
Securities warrants may be issued independently or together with any other securities offered by this prospectus and any accompanying
prospectus supplement and may be attached to or separate from such other securities. Each issuance of the securities warrants will be
issued under a separate securities warrant agreement to be entered into by us and a bank or trust company, as securities warrant agent,
all as set forth in the prospectus supplement relating to the particular issue of offered securities warrants. Each issue of securities
warrants will be evidenced by securities warrant certificates. The securities warrant agent will act solely as an agent of ours in connection
with the securities warrant certificates and will not assume any obligation or relationship of agency or trust for or with any holder
of securities warrant certificates or beneficial owners of securities warrants.

If we offer securities warrants
pursuant to this prospectus in the future, the applicable prospectus supplement will describe the terms of such securities warrants,
including the following, where applicable:

| ● | the offering 
 price;       |

| ● | the aggregate                                                                                                                       
 number of shares purchasable upon exercise of such securities warrants, and in the case of securities warrants for preferred stock, 
 the designation, aggregate number, and terms of the class or series of preferred stock purchasable upon exercise of such securities 
 warrants;                                                                                                                           |

| ● | the designation                                                                                                                       
 and terms of the securities with which such securities warrants are being offered, if any, and the number of such securities warrants 
 being offered with each such security;                                                                                                |

| ● | the date on                                                                                          
 and after which such securities warrants and any related securities will be transferable separately; |

| ● | the number                                                                                                                         
 of shares of preferred stock or