Company: RWT-PA
Filing Date: 2025-11-18
Form Type: 424B5
Source: 0001104659-25-113682
Chunk: 7

Company: REDWOOD TRUST INC
Filing Date: 2025-11-18
Form: 424B5
Chunk 7
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 U.S. housing market, mortgage finance markets, and our business;

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our failure to comply with applicable laws and regulation, including our ability to obtain or maintain governmental licenses;

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our ability to maintain our status as a REIT for tax purposes;

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limitations imposed on our business due to our REIT status and our status as exempt from registration under the Investment Company Act of 1940;

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our stock and the notes may experience price declines, volatility, and poor liquidity, and we may reduce our dividends;

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decisions about raising, managing, and distributing capital;

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dividend distributions and the timing and character of such dividends may change;

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limited number of institutional shareholders own a significant percentage of our common stock; and

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other factors not yet identified, including broad market fluctuations.

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### SUMMARY
This summary highlights selected information appearing elsewhere or incorporated by reference in this prospectus supplement and the accompanying prospectus and may not contain all of the information that is important to you and is qualified in its entirety by the more detailed information appearing elsewhere or incorporated by reference in this prospectus supplement. This prospectus supplement and the accompanying prospectus include information about the notes we are offering as well as information regarding our business and financial data. You should read this prospectus supplement and the accompanying prospectus, including information incorporated by reference, and any free writing prospectus that we have authorized for use in connection with this offering, in their entirety. Investors should carefully consider the information set forth under “Risk Factors” in this prospectus supplement and in our most recent Annual Report on Form 10-K filed with the SEC and as updated by our subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, which are incorporated by reference into this prospectus supplement and the accompanying prospectus. Unless otherwise mentioned or unless the context requires otherwise, all references in this prospectus supplement to “Redwood,” “we,” “us,” “our” or similar references mean Redwood Trust, Inc. and its subsidiaries, except where it is made clear that the terms mean Redwood Trust, Inc. only. In statements regarding qualification as a REIT, such terms refer solely to Redwood Trust, Inc. Unless otherwise stated, all information contained in this prospectus supplement assumes no exercise of the underwriters’ option to purchase additional notes in this offering.

#### ABOUT REDWOOD TRUST, INC.