Redwood Trust Announces Launch Date for Its Preferred-for-Common Stock Exchange Offer
Business Wire•13/11/2026•09:00 ET
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Key Highlights
- ➤Launch date set for preferred-for-common exchange offer: Tuesday, November 17, 2026
- ➤Series B preferred stock offers fixed annual dividends between 11% and 12%
- ➤Exchange offer plans to cover up to $50 million of common stock
- ➤Exchange offer may expand if oversubscribed; exchanging holders expected to receive premium face value
- ➤Offer has not commenced; final terms will be announced at formal launch
Expert Statements
Christopher Abate, Chief Executive Officer of Redwood Trust
“As we indicated in our pre-announcement, the exchange offer is designed to provide existing common stockholders, particularly those who prioritize current income, with an alternative way to participate in the Company's future.”
Christopher Abate, Chief Executive Officer of Redwood Trust
“The structure of this participating preferred stock will include a dividend rate between 11% and 12%, coupled with participation, through its redemption and preference terms, in the performance of the Company's common stock price following the exchange.”
Redwood Trust Announces Launch Date for Its Preferred-for-Common Stock Exchange Offer
Redwood Trust, Inc. (NYSE: RWT; “Redwood”, “we”, “us” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced that the preferred-for-common stock exchange offer (the “Exchange Offer”) it pre-announced concurrent with its third quarter 2026 financial results, has a planned launch date of Tuesday, November 17, 2026.
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