other
confidence high
sentiment neutral
materiality 0.20
Redwood Trust provides 2023 dividend tax characterization: 39% ordinary, 23% qualified, 38% return of capital for common
REDWOOD TRUST INC
- Common total 2023 dividend $0.71/share: 39% ordinary (Section 199A), 23% qualified, 38% return of capital.
- Preferred total 2023 dividend $2.4792/share: 63% ordinary (Section 199A), 37% qualified, 0% return of capital.
- No portion of common or preferred dividends expected to be UBTI.
- Common dividends: Q1 $0.23/share, Q2-Q4 $0.16/share each, total $0.71/share.
- Preferred dividends: short Q1 $0.60417/share, Q2-Q4 $0.625/share each, total $2.4792/share.