Donald Fandetti

Douglas Harter

Eric Hagen

Steven Delaney

Bose George

Richard Shane

Bradley Capuzzi

Crispin Love

Jason Weaver

Brian Violino

- Redwood Trust, Inc. issued an additional **$50,000,000** aggregate principal amount of its **7.75% Convertible Senior Notes due 2027** on August 25, 2025.  **[930236_0001104659-25-082532_tm2523899d5_8k.htm:1]** 
- This issuance is a reopening of an existing series, bringing the total aggregate principal amount of outstanding notes to **$297,170,000**.  **[930236_0001104659-25-082532_tm2523899d5_8k.htm:1]** 
- The notes bear interest at a rate of **7.75%** per year, payable semi-annually, and will mature on **June 15, 2027**.  **[930236_0001104659-25-082532_tm2523899d5_8k.htm:1]** 
- The conversion rate for the notes is **95.6823 shares of Common Stock per $1,000 principal amount**, which is equivalent to a conversion price of approximately **$10.45 per share**, representing a **78.0% premium** over the Company's Common Stock closing price on August 21, 2025.  **[930236_0001104659-25-082532_tm2523899d5_8k.htm:1]**

Redwood Trust issues additional convertible senior notes

REDWOOD TRUST (RWT)