Company: RWT-PA
Filing Date: 2025-08-22
Form Type: 424B5
Source: 0001104659-25-081925
Chunk: 88

Company: REDWOOD TRUST INC
Filing Date: 2025-08-22
Form: 424B5
Chunk 88
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 day after the “free trade date” (as defined below) of such note; provided , however , that if such 15th day is after a regular record date and on or before the next interest payment date, then the de-legending deadline date for such note will instead be the fifth business day immediately after such interest payment date.

“Free trade date” means, with respect to any note, the date that is one year after the last original issue date of such note.

We cannot assure you that we will be able to cause the notes to be freely tradable as described above.

We will not, and will not permit any of our controlled “affiliates” (as defined in Rule 144) to, resell any notes that have been reacquired by us or any of them. We will cause any notes repurchased by us (other than notes repurchased pursuant to cash-settled swaps or other cash-settled derivatives) to be surrendered to the trustee for cancellation upon our direction. The notes will initially be issued with an unrestricted CUSIP number.

#### Global notes, book-entry form
The notes will be evidenced by one or more global notes. We will deposit the global note or notes with the trustee, as custodian for DTC, and register the global notes in the name of Cede & Co. as DTC’s nominee. Except as set forth below, a global note may be transferred, in whole or in part, only to another nominee of DTC or to a successor of DTC or its nominee.

Beneficial interests in a global note may be held directly through DTC if such holder is a participant in DTC, or indirectly through organizations that are participants in DTC, whom we refer to as “participants.”

Transfers between participants will be effected in the ordinary way in accordance with DTC rules and will be settled in clearinghouse funds. The laws of some states require that some persons take physical

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delivery of securities in definitive form in order to engage in certain transactions. As a result, the ability to transfer beneficial interests in the global note to such persons may be limited.

Holders who are not participants may beneficially own interests in a global note held by DTC only through participants, or certain banks, brokers, dealers, trust companies and other parties that clear through or maintain a custodial relationship with a participant, either directly or indirectly, whom we refer to as “indirect participants.” So