Redwood Trust Inc 8-K, filed Sep 11, 2020
Redwood Trust Inc (RWT)
About this 8-K
Redwood Trust Inc filed this 8-K on September 11, 2020.
Items reported
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
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| Item 7.01. | Regulation FD Disclosure. |
On September 11, 2020, Redwood Trust, Inc. issued a press release announcing its Board of Directors’ authorization to declare a third quarter regular dividend of $0.14 per share. The third quarter 2020 dividend is payable on September 29, 2020 to stockholders of record on September 22, 2020.
The information contained in this Item 7.01 and the attached Exhibit 99.1 is furnished to and not filed with the Securities and Exchange Commission, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as shall be expressly set forth by specific reference in such filing.
| Item 9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits |
| Exhibit 99.1 | Press Release dated September 11, 2020 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| Date: September 11, 2020 | REDWOOD TRUST, INC. | |
| By: | /S/ ANDREW P. STONE | |
| Name: Andrew P. Stone | ||
| Title: Executive Vice President, General Counsel and Secretary | ||
Exhibit 99.1
REDWOOD TRUST ANNOUNCES DIVIDEND INCREASE OF 12% FOR THE THIRD QUARTER OF 2020
MILL VALLEY, CA – Friday, September 11, 2020 – Redwood Trust, Inc. (NYSE: RWT) today announced that its Board of Directors has declared a 12% increase in the company’s regular quarterly common stock dividend to $0.14 per share for the third quarter of 2020, up from $0.125 per share for the second quarter of 2020. This also marks the company’s 85th consecutive quarterly dividend. The third quarter 2020 dividend is payable on September 29, 2020 to stockholders of record on September 22, 2020.
“We are pleased to increase the dividend we pay to shareholders. We remain committed to delivering an attractive dividend while continuing to strategically deploy capital going forward,” said Christopher J. Abate, Chief Executive Officer of Redwood Trust.
About Redwood Trust
Redwood Trust, Inc. (NYSE: RWT) is a specialty finance company focused on making credit-sensitive investments in single-family residential and multifamily mortgages and related assets and engaging in mortgage banking activities. Our goal is to provide attractive returns to shareholders through a stable and growing stream of earnings and dividends, as well as through capital appreciation. Redwood Trust was established in 1994, is internally managed, and structured as a real estate investment trust (“REIT”) for tax purposes. For more information about Redwood, please visit our website at www.redwoodtrust.com.
Cautionary Statement: This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements related to Redwood's 2020 regular dividends and ability to deliver stable, attractive dividends while deploying capital. Forward-looking statements involve numerous risks and uncertainties. Our actual results may differ from our beliefs, expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements are not historical in nature and can be identified by words such as "anticipate," "estimate," "will," "should," "expect," "believe," "intend," "seek," "plan" and similar expressions or their negative forms, or by references to strategy, plans, or intentions. These forward-looking statements are subject to risks and uncertainties, including, among other things, those described in our Annual Report on Form 10-K for the year ended December 31, 2019 under the caption "Risk Factors." Other risks, uncertainties, and factors that could cause actual results to differ materially from those projected may be described from time to time in reports we file with the Securities and Exchange Commission, including reports on Forms 10-Q and 8-K. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
CONTACT
Lisa Hartman – SVP, Head of Investor Relations
Phone: 866-269-4976
Email: investorrelations@redwoodtrust.com