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Redwood Trust (RWT-N) Quote - Press Releases

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Latest Press Releases

Redwood Trust Announces Agreement To Acquire CoreVest, Expanding The Scale Of Its Business-Purpose Lending Platform
- PR Newswire - Mon Oct 14, 3:15PM CDT
PR Newswire - CMTX
Mon Oct 14, 3:15PM CDT
Redwood Trust, Inc. (NYSE: RWT) today announced it has entered into a definitive agreement to acquire CoreVest American Finance Lender LLC, a leading nationwide originator and portfolio manager of business-purpose residential loans (BPLs), and several of its affiliates ("CoreVest"), from certain affiliates of Fortress Investment Group's credit funds business ("Fortress Sellers") and CoreVest Management Partners LLC ("Management Seller" and together with the Fortress Sellers, "Sellers").
Redwood Trust Announces Agreement To Acquire CoreVest, Expanding The Scale Of Its Business-Purpose Lending Platform
- PR Newswire - Mon Oct 14, 3:15PM CDT
PR Newswire - PRNW
Mon Oct 14, 3:15PM CDT
MILL VALLEY, Calif. , Oct. 14, 2019 /PRNewswire/ -- Redwood Trust, Inc. (NYSE: RWT) today announced it has entered into a definitive agreement to acquire CoreVest American Finance Lender LLC, a leading nationwide originator and portfolio manager of business-purpose residential loans (BPLs), and several of its affiliates ("CoreVest"), from certain affiliates of Fortress Investment Group's credit funds business ("Fortress Sellers") and CoreVest Management Partners LLC ("Management Seller" and together with the Fortress Sellers, "Sellers").
Chimera Inv Corp has the Best Relative Performance in the Mortgage REITs Industry (CIM , RWT , PMT , STWD , TWO )
- Comtex SmarTrend(R) - Wed Oct 2, 3:35AM CDT
Comtex SmarTrend(R) - CMTX
Wed Oct 2, 3:35AM CDT
We looked at the Mortgage REITs industry and measured relative performance to find the top stocks. Relative outperformance is a bullish sign of underlying fundamental and technical strength. We look at yesterday's price action of all companies in this peer group.
Redwood Trust Has Returned 2.1% Since SmarTrend Recommendation (RWT)
- Comtex SmarTrend(R) - Wed Oct 2, 12:29AM CDT
Comtex SmarTrend(R) - CMTX
Wed Oct 2, 12:29AM CDT
SmarTrend identified an Uptrend for Redwood Trust (NYSE:RWT) on January 17th, 2019 at $16.05. In approximately 9 months, Redwood Trust has returned 2.12% as of today's recent price of $16.39.
Shares of Capstead Mortgag Rank the Highest in Terms of Relative Performance in the Mortgage REITs Industry (CMO , RWT , ARI , NYMT , MFA )
- Comtex SmarTrend(R) - Thu Sep 26, 3:35AM CDT
Comtex SmarTrend(R) - CMTX
Thu Sep 26, 3:35AM CDT
We looked at the Mortgage REITs industry and measured relative performance to find the top stocks. Relative outperformance is a bullish sign of underlying fundamental and technical strength. We look at yesterday's price action of all companies in this peer group.
Watch for Redwood Trust to Potentially Pullback After Gaining 1.64% Yesterday
- Comtex SmarTrend(R) - Wed Sep 25, 12:34PM CDT
Comtex SmarTrend(R) - CMTX
Wed Sep 25, 12:34PM CDT
Redwood Trust (NYSE:RWT) traded in a range yesterday that spanned from a low of $16.53 to a high of $16.75. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $16.70 on volume of 474,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
Redwood Trust Announces Pricing Of 5.75% Exchangeable Senior Notes Due 2025
- PR Newswire - Thu Sep 19, 10:53PM CDT
PR Newswire - CMTX
Thu Sep 19, 10:53PM CDT
Redwood Trust, Inc. ("Redwood") (NYSE: RWT) today announced that its indirect wholly owned subsidiary, RWT Holdings, Inc. ("Holdings"), priced $175,000,000 aggregate principal amount of its 5.75% exchangeable senior notes due 2025 (the "Notes") in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The initial purchasers have a 13-day option to purchase up to an additional $26,250,000 aggregate principal amount of the Notes in connection with the offering. The Notes will be senior unsecured obligations of Holdings and will be fully and unconditionally guaranteed by Redwood. The offering is expected to close on September 24, 2019, subject to the satisfaction of customary closing conditions.
Redwood Trust Announces Pricing Of 5.75% Exchangeable Senior Notes Due 2025
- PR Newswire - Thu Sep 19, 10:53PM CDT
PR Newswire - PRNW
Thu Sep 19, 10:53PM CDT
MILL VALLEY, Calif. , Sept. 19, 2019 /PRNewswire/ -- Redwood Trust, Inc. ("Redwood") (NYSE: RWT)   today announced that its indirect wholly owned subsidiary, RWT Holdings, Inc. ("Holdings"), priced $175,000,000 aggregate principal amount of its 5.75% exchangeable senior notes due 2025 (the "Notes") in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The initial purchasers have a 13-day option to purchase up to an additional $26,250,000 aggregate principal amount of the Notes in connection with the offering. The Notes will be senior unsecured obligations of Holdings and will be fully and unconditionally guaranteed by Redwood. The offering is expected to close on September 24, 2019 , subject to the satisfaction of customary closing conditions. 
Redwood Trust Announces Offering Of Exchangeable Senior Notes Due 2025
- PR Newswire - Thu Sep 19, 6:30AM CDT
PR Newswire - CMTX
Thu Sep 19, 6:30AM CDT
Redwood Trust, Inc. ("Redwood") (NYSE: RWT) today announced that its indirect wholly owned subsidiary, RWT Holdings, Inc. ("Holdings"), plans to offer, subject to market and other conditions, $175,000,000 aggregate principal amount of its exchangeable senior notes due 2025 (the "Notes") in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The initial purchasers will have a 13-day option to purchase up to an additional $26,250,000 aggregate principal amount of the Notes in connection with the offering. The Notes will be senior unsecured obligations of Holdings and will be exchangeable for shares of Redwood common stock. Redwood will fully and unconditionally guarantee the Notes. The interest rate and offering price are to be determined by negotiations between Holdings, Redwood and the initial purchasers of the offering.
Redwood Trust Announces Offering Of Exchangeable Senior Notes Due 2025
- PR Newswire - Thu Sep 19, 6:30AM CDT
PR Newswire - PRNW
Thu Sep 19, 6:30AM CDT
MILL VALLEY, Calif. , Sept. 19, 2019 /PRNewswire/ -- Redwood Trust, Inc. ("Redwood") (NYSE: RWT)   today announced that its indirect wholly owned subsidiary, RWT Holdings, Inc. ("Holdings"), plans to offer, subject to market and other conditions, $175,000,000 aggregate principal amount of its exchangeable senior notes due 2025 (the "Notes") in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act").  The initial purchasers will have a 13-day option to purchase up to an additional $26,250,000 aggregate principal amount of the Notes in connection with the offering.  The Notes will be senior unsecured obligations of Holdings and will be exchangeable for shares of Redwood common stock.  Redwood will fully and unconditionally guarantee the Notes.  The interest rate and offering price are to be determined by negotiations between Holdings, Redwood and the initial purchasers of the offering.

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