Company: RWT-PA
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000930236-25-000020
Chunk: 254

Company: REDWOOD TRUST INC
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 254
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$(68,176)$(57,957)Other comprehensive incomebefore reclassifications 3,422 — 3,422 8,656 — 8,656 Amounts reclassified from other accumulated comprehensive income (loss)(709)1,018 309 (629)1,029 400 Net current-period other comprehensive income (loss)2,713 1,018 3,731 8,027 1,029 9,056 Balance at End of Period$23,680 $(63,020)$(39,340)$18,246 $(67,147)$(48,901)The following tables provide a summary of reclassifications out of Accumulated other comprehensive income (loss) for the three months ended March 31, 2025 and 2024.Table 20.2 – Reclassifications Out of Accumulated Other Comprehensive Income (Loss)Amount Reclassified From Accumulated Other Comprehensive LossAffected Line Item in theThree Months Ended March 31,(In Thousands)Income Statement20252024Net Realized (Gain) Loss on AFS SecuritiesDecrease in allowance for credit losses on AFS securitiesInvestment fair value changes, net$(67)$(629)(Gain) loss on sale of AFS securitiesRealized gains, net(642)— $(709)$(629)Net Realized Loss on Interest Rate Agreements Designated as Cash Flow HedgesAmortization of deferred lossInterest expense$1,018 $1,029 $1,018 $1,029 We have an established program to sell common stock from time to time in at-the-market ("ATM") offerings. During the three months ended March 31, 2025, we did not issue any shares of common stock under this program. At March 31, 2025, the remaining share issuance capacity under this program was approximately $50 million.

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REDWOOD TRUST, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS March 31, 2025(Unaudited) Note 20. Equity - (continued)

Issuance of Preferred StockIn January 2023, Redwood issued 2.8 million shares of 10.00% Series A Fixed-Rate Reset Cumulative Redeemable Preferred Stock ("Series A Preferred Stock") for gross proceeds of $70 million and net proceeds of approximately $67 million, after deducting the underwriting discount