secwatch.observer — SEC 8-K summary
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Issuer:     REDWOOD TRUST INC (RWT)
CIK:        0000930236
Form:       8-K
Filed at:   2024-01-17T23:59:59+00:00
Accession:  0001104659-24-004342
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

Redwood Trust prelim Q4 BV $8.58-$8.68 vs $8.77; issued 12.6M ATM shares
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- Prelim book value per share est. $8.58-$8.68 at Dec 31 vs $8.77 at Sep 30.
- Issued 12.6M shares via ATM in Q4; proceeds used for mortgage banking, investments, debt repurchase.
- Recourse leverage ratio est. 2.2x; unrestricted cash $293M at Dec 31.
- Stockholders' equity est. $1.2B; recourse debt $2.6B at Dec 31.
- Q4 common dividend of $0.16 per share paid; BV adjusted for dividend.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/930236/000110465924004342/0001104659-24-004342-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/930236/000110465924004342/tm243330d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-004342

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