other
confidence high
sentiment neutral
materiality 0.15
Redwood Trust provides 2024 dividend tax characterization; 50% of common dividends return of capital
REDWOOD TRUST INC
- Common dividends: $0.67/share total; 6% ordinary (Section 199A), 44% qualified, 50% return of capital.
- Preferred dividends: $2.50/share total; 11% ordinary (Section 199A), 89% qualified, 0% return of capital.
- No capital gain dividends or unrelated business taxable income (UBTI) for either class.
- Shareholders should consult tax advisors; allocation affects 2024 federal income tax reporting.