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Redwood Trust Inc. 10.00% Series A Fixed-Rate-Reset Cumulative Redeemable Preferred Stock

Coupon is fixed at 10% until 4/15/2028 after which it will reset at the 5 year treasury rate plus a spread of 6.278%

Ticker: RWT-A

Parent Ticker: RWT

OTC Grey Market Temporary Ticker: RWTRV

Issuance Date: 01/10/2023

1st Call Date: 04/15/2028

Maturity Date: None

Shares Issued: 2,600,000

Overallotment Shares: 390,000

Coupon: 10.00%

Face Value: $25.00

Cumulative: Yes

Qualified: No

Quarterly Dividend Amount: 0.625

Payment Months: JAN, APR, JUL, OCT

Payment Day: 15

S&P Rating: NR

III Rating (In Regards to Dividend Safety Only): C

Moody Rating: NR

Fitch Rating: NR

Egan-Jones Rating: BBB-