Company: RWT-PA
Filing Date: 2025-01-15
Form Type: 424B5
Source: 0001104659-25-003632
Chunk: 57

Company: REDWOOD TRUST INC
Filing Date: 2025-01-15
Form: 424B5
Chunk 57
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 our board of directors and set forth or determined in the manner
provided in a resolution of our board of directors, in an officer’s certificate or by a supplemental indenture. The particular
terms of each series of debt securities will be described in a prospectus supplement relating to such series (including any pricing supplement
or term sheet).

We can issue an unlimited
amount of debt securities under the indenture that may be in one or more series with the same or various maturities, at par, at a premium,
or at a discount. We will set forth in a prospectus supplement (including any pricing supplement or term sheet) relating to any series
of debt securities being offered, the aggregate principal amount and the following terms of the debt securities, if applicable:

| ● | the                                                                                             
 title and ranking of the debt securities (including the terms of any subordination provisions); |

| ● | the                                                                                       
 price or prices (expressed as a percentage of the principal amount) at which we will sell 
 the debt securities;                                                                      |

| ● | any                                                             
 limit on the aggregate principal amount of the debt securities; |

| ● | the                                                                              
 date or dates on which the principal of the securities of the series is payable; |

| ● | the                                                                                            
 rate or rates (which may be fixed or variable) per annum or the method used to determine       
 the rate or rates (including any commodity, commodity index, stock exchange index or financial 
 index) at which the debt securities will bear interest, the date or dates from which interest  
 will accrue, the date or dates on which interest will commence and be payable and any regular  
 record date for the interest payable on any interest payment date;                             |

| ● | the                                                                                      
 place or places where principal of, and interest, if any, on the debt securities will be 
 payable (and the method of such payment);                                                |

| ● | the                                                                                       
 period or periods within which, the price or prices at which and the terms and conditions 
 upon which we may redeem the debt securities;                                             |

| ● | any                                                                                           
 obligation we have to redeem or purchase the debt securities pursuant to any sinking fund     
 or analogous provisions or at the option of a holder of debt securities and the period or     
 periods within which, the price or prices at which and in the terms and conditions upon which 
 securities of the series shall be redeemed or purchased, in whole or in part, pursuant to     
 such obligation;                                                                              |

| ● | the                                                                                       
 dates on