Redwood Trust: Q3 dividends, $150M convertible notes offering, $190M loan dispositions

REDWOOD TRUST INC

Declared Q3 2026 common dividend of $0.18/share (unchanged), payable Sept 30; 109th consecutive quarterly dividend.
Series A preferred dividend of $0.625/share for Q3, payable Oct 15.
Proposed dispositions of legacy bridge loans up to ~$190M, expected to reduce book value per share by ~2% from June 30, 2026.
Announced $150M convertible senior notes due 2030 offering, with option for additional $22.5M; proceeds to repurchase 2027 notes and up to $20M common stock.
Remaining proceeds for general corporate purposes, including Sequoia, Aspire, CoreVest platforms and investments.

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