secwatch.observer — SEC 8-K summary
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Issuer:     REDWOOD TRUST INC (RWT)
CIK:        0000930236
Form:       8-K
Filed at:   2023-01-09T23:59:59+00:00
Accession:  0001104659-23-002088
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Redwood Trust estimates Q4 book value per share $9.52-$9.62, down 5.5%-6.5%; flags $45M DTA risk
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- Estimated BVPS range $9.52-$9.62, ~5.5%-6.5% decline from Sept 30, 2022.
- Credit spread widening drove negative fair value changes, largely unrealized; credit fundamentals considered solid.
- Unrestricted cash ~$260 million; 113.5M common shares outstanding.
- Net deferred tax assets ~$45M as of Dec 31; possible valuation allowance could materially reduce GAAP earnings/book value.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/930236/000110465923002088/0001104659-23-002088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/930236/000110465923002088/tm232177d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-002088

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer