Company: RWT-PA
Filing Date: 2025-11-18
Form Type: 424B5
Source: 0001104659-25-113682
Chunk: 19

Company: REDWOOD TRUST INC
Filing Date: 2025-11-18
Form: 424B5
Chunk 19
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port to be complete. This summary is subject to, and is qualified by reference to, all the provisions of the notes and the indenture, including the definitions of certain terms used in the indenture. You may request a copy of the indenture from us. We will file the indenture by means of a Current Report on Form 8-K. See “Where You Can Obtain More Information” in this prospectus supplement.

For purposes of this description, references to “Redwood Trust, Inc.,” “Company,” “we,” “our” and “us” refer only to Redwood Trust, Inc. and not to its subsidiaries.

#### General
The notes will be a single series under the indenture, initially in the aggregate principal amount of $100.0 million ($115.0 million if the underwriters’ option to purchase additional notes is exercised in full). The notes will be issued only in fully registered form without coupons, in minimum denominations of $25 and integral multiples of $25 in excess thereof or in units (each unit representing $25). The notes will be evidenced by one or more global notes in book-entry only form, except under the limited circumstances described under “— Certificated Notes.” Currently, there is no public market for the notes. The notes are expected to be listed on the NYSE under the symbol “RWTQ.”

The notes will not be convertible into, or exchangeable for, our common shares or any other securities. The indenture will not contain any financial covenants and will not restrict us from paying dividends or issuing or repurchasing any of our other securities. Other that the restrictions described below under “— Consolidation, Merger and Sale of Assets,” the indenture will not contain any covenants or other provisions designed to afford holders of the notes protection in the event of a takeover, recapitalization, highly leveraged transaction or similar restructuring involving us that could adversely affect such holders.

#### Ranking
The notes:

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will be our senior unsecured obligations;

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will rank equal in right of payment with our existing and future senior unsecured indebtedness, including our 2027 Notes and our Existing Senior Notes;

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will rank senior in right of payment to any existing and future indebtedness that is contractually subordinated to the notes;

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will be effectively subordinated to all of our existing and future secured indebtedness to the extent of the value of the collateral securing such indebtedness; and

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will be structurally subordinated to the claims of our subsidiaries