Company: RWT-PA
Filing Date: 2025-01-16
Form Type: 424B5
Source: 0001104659-25-004099
Chunk: 45

Company: REDWOOD TRUST INC
Filing Date: 2025-01-16
Form: 424B5
Chunk 45
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 thereunder including the Securities and Futures (Professional Investor) Rules or (ii) in circumstances
that do not constitute an invitation to the public for the purposes of the SFO. WARNING: The contents of this document have not been
authorized or reviewed by the SFC or any other regulatory authority in Hong Kong. You are advised to exercise caution in relation to
the offer. If you are in any doubt about any of the contents of this document, you should obtain independent professional advice.

Singapore.
This prospectus supplement has not been registered as a prospectus with the Monetary Authority of Singapore. Accordingly, the notes have
not been offered or sold or have been made the subject of an invitation for subscription or purchase, and the notes will not be offered
or sold or be made the subject of an invitation for subscription or purchase, and this prospectus supplement or any other document or
material in connection with the offer or sale, or invitation for subscription or purchase, of the notes, has not been circulated or distributed,
nor will it be circulated or distributed, whether directly or indirectly, to any person in Singapore other than (i) to an institutional
investor (as defined in Section 4A of the Securities and Futures Act 2001 of Singapore, as modified or amended from time to time
(the “SFA”)) pursuant to Section 274 of the SFA, or (ii) to an accredited investor (as defined in Section 4A
of the SFA) pursuant to and in accordance with the conditions specified in Section 275 of the SFA.

United Kingdom

THE CONTENT OF THIS PROMOTION HAS NOT BEEN APPROVED
BY AN AUTHORISED PERSON WITHIN THE MEANING OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (AS AMENDED) ("FSMA"). RELIANCE ON
THIS PROMOTION FOR THE PURPOSE OF BUYING THE NOTES TO WHICH THE PROMOTION RELATES MAY EXPOSE AN INDIVIDUAL TO A SIGNIFICANT RISK
OF LOSING ALL OF THE PROPERTY OR OTHER ASSETS INVESTED.

THIS COMMUNICATION IS EXEMPT FROM THE FINANCIAL
PROMOTION RESTRICTION PURSUANT TO SECTION 21 OF FSMA ON THE BASIS THAT THE COMMUNICATION IS MADE TO PERSONS FALLING WITHIN EXEMPTIONS
AVAILABLE UNDER THE FINANCIAL SERVICES AND MARKETS ACT (FINANCIAL PROMOTION) ORDER 2005 (AS AMENDED (THE “FPO”), FOR EXAMPLE
TO THOSE WHO QUALIFY