Company: RWT-PA
Filing Date: 2025-11-18
Form Type: 424B5
Source: 0001104659-25-113682
Chunk: 9

Company: REDWOOD TRUST INC
Filing Date: 2025-11-18
Form: 424B5
Chunk 9
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TABLE OF CONTENTS

### GENERAL INFORMATION
We were incorporated in the State of Maryland on April 11, 1994, and commenced operations on August 19, 1994. We operate so as to qualify as a REIT for U.S. federal income tax purposes. Our executive offices are located at One Belvedere Place, Suite 300, Mill Valley, California 94941. Our telephone number is (415) 389-7373. Our website is www.redwoodtrust.com. Information contained in or that can be accessed through our website is not part of, and is not incorporated into, this prospectus supplement or the accompanying prospectus.

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TABLE OF CONTENTS

### THE OFFERING
The following is a brief summary of certain terms of this offering and the notes. This summary is not a complete description of this offering or the notes. For a more complete description of the terms of the notes, see “Description of the Notes” in this prospectus supplement and “Description Debt Securities” in the accompanying prospectus.

Issuer

Redwood Trust, Inc., a Maryland corporation.

Notes

$100,000,000 principal amount of 9.500% Senior Notes due 2030 (4,000,000 units, each unit representing $25) (plus up to an additional $15,000,000 principal amount (600,000 units, each unit representing $25) if the underwriters exercise their option to purchase additional notes to cover over-allotments, if any) issued in minimum denominations of $25 and integral multiples of $25 in excess thereof or in units (each unit representing $25).

Maturity Date

December 1, 2030, unless redeemed prior to maturity.

Interest Rate

9.500% per year. Interest will accrue from November 19, 2025 and will be payable quarterly in arrears on March 1, June 1, September 1 and December 1 of each year, beginning on March 1, 2026.

Optional Redemption; no Sinking Fund

We may redeem the notes at our option, in whole or in part, at any time and from time to time, on or after December 1, 2027 at a redemption price equal to 100% of the principal amount of the notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. No “sinking fund” is provided for the notes,