Company: RWT-PA
Filing Date: 2025-01-16
Form Type: 424B5
Source: 0001104659-25-004099
Chunk: 69

Company: REDWOOD TRUST INC
Filing Date: 2025-01-16
Form: 424B5
Chunk 69
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 the election of directors. Except as provided with respect to any other class or series of stock, the holders
of our common stock will possess the exclusive voting power. There is no cumulative voting in the election of directors, which means
that the holders of a majority of the outstanding shares of common stock can elect all of the directors then standing for election, and
the holders of the remaining shares will not be able to elect any directors.

Holders of our common stock
have no preference, conversion, exchange, sinking fund, redemption, or, if listed on the New York Stock Exchange, appraisal rights and
have no preemptive rights to subscribe for any of our securities. Subject to our charter restrictions on transfer of our stock, all shares
of common stock will have equal dividend, liquidation, and other rights.

Transfer Agent, Registrar, and Dividend Disbursing Agent

The transfer agent and registrar
for our common stock is currently Computershare Trust Company, N.A. and its affiliate, Computershare Inc., acts as dividend disbursing
agent.

Power to Reclassify Shares of Our Stock; Issuance of Additional Shares

Our charter authorizes our
board of directors to classify and reclassify from time to time any unissued shares of our stock into other classes or series of stock,
including preferred stock, and to cause the issuance of such shares. Prior to issuance of shares of each class or series, the board of
directors is required by Maryland law and by our charter to set, subject to our charter restrictions on transfer of our stock, the terms,
preferences, conversion or other rights, voting powers, restrictions, limitations as to dividends or other distributions, qualifications
and terms and conditions of redemption for each class or series. We believe that the power to issue additional shares of common stock
or preferred stock and to classify or reclassify unissued shares of common or preferred stock and thereafter to issue the classified
or reclassified shares provides us with increased flexibility in structuring possible future financings and acquisitions and in meeting
other needs which might arise. These actions can be taken without stockholder approval, unless stockholder approval is required by applicable
law or the rules of any stock exchange or automated quotation system on which our securities may be listed or traded. Although we
have no present intention of doing so, we could issue a class or series of stock that could delay, defer, or prevent a transaction or
a change in control of Redwood Trust that might involve a premium price for holders