Company: RWT-PA
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0000930236-25-000012
Chunk: 38

Company: REDWOOD TRUST INC
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 38
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areit Mortgage REITs index; and (iv) for “mREIT NAREIT (ex. Comm.)”, the simple average of the 2024 ROEs for the component companies of the FTSE Nareit Mortgage REITs index, excluding mortgage REITs classified as commercial-focused with that index. Source for peer and index companies: Bloomberg data for the respective periods presented.                                                                            |
| (7) |     | Bar graph of “Book Value TSR (bvTSR) – 2024” reflects (i) for “Redwood”, Redwood’s bvTSR based on 12/31/24 book value per share of $8.46, 12/31/23 book value per share of $8.64; and total common stock dividends paid in 2024 of $0.67 per share; (ii) for “mREIT Peers”, the simple average of the 2024 bvTSRs for Redwood’s mREIT Peers (listed in note (2) above); (iii) for “mREIT NAREIT”, the simple average of the 2024 bvTSRs for the component companies of the FTSE Nareit Mortgage REITs index; and (iv) for “mREIT NAREIT (ex. Comm.)”, the simple average of the 2024 bvTSRs for the component companies of the FTSE Nareit Mortgage REITs index, excluding mortgage REITs classified as commercial-focused within that index. Source for peer and index companies: Bloomberg data for the respective periods presented. |

REDWOOD’S 2024 OPERATIONAL/STRATEGIC PERFORMANCE :

| (8)  |     | Lock volume represents loans identified for purchase from loan sellers. Lock volume does not account for potential fallout from pipeline that typically occurs through the lending process.                                                                   |
| (9)  |     | Market share is calculated based on Sequoia lock volume divided by full year jumbo mortgage loan volume as sourced from Inside Mortgage Finance.                                                                                                              |
| (10) |     | Source: JP Morgan Research and based on 2024 jumbo mortgage loan securitization activity.                                                                                                                                                                     |
| (11) |     | Sequoia Mortgage Banking segment return on capital reflects: for 2024, segment contribution of $61.5 million and average capital utilized of $278 million; and, for 2023, segment contribution of $10.1 million and average capital utilized of $