Every material Form 8-K REDWOOD TRUST INC has filed with the SEC since October 13, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Redwood Trust agreed to repurchase $53,125,000 of trust preferred securities from Hildene Capital Management for $45,156,250 plus a $500,000 fee, and the investor agreed to waive the company's REIT maintenance covenant. The Board also approved a plan to revoke the company's REIT election in the first quarter of 2027, adopted a tax benefits preservation plan, and declared a rights dividend, which matter to shareholders because they change the company's tax status, ownership-transfer restrictions, and stock-ownership protections.
Repurchase of $53,125,000 liquidation amount of trust preferred securities at 85% of liquidation amount, or $45,156,250, plus accumulated unpaid distributions, paid in three installments with the last due by February 15, 2027 or the REIT re
Plan to revoke REIT election in the first quarter of 2027 and transition to a C-corporation beginning with the 2027 taxable year
Tax benefits preservation plan declares one right per common share to holders of record on November 16, 2026, exercisable at $20.00 per right
Press release estimates an initial book value benefit of $0.73 to $0.77 per share in the fourth quarter of 2026, and a one-for-five reverse stock split effective January 4, 2027
Redwood Trust reported a third-quarter 2026 GAAP net loss related to common stockholders of $47.3 million, or $0.39 per basic share, compared with $2.9 million, or $0.03 per share, in the second quarter. GAAP book value per common share fell 4.9% to $6.56, and the company announced a planned transition to a C-corporation in 2027, which it expects to add $0.73 to $0.77 per share to GAAP book value in the fourth quarter of 2026.
Net loss related to common stockholders was $47.3 million ($0.39 per basic share) for Q3 2026, versus $2.9 million ($0.03 per share) in Q2 2026.
Non-GAAP Earnings Available for Distribution was $(0.02) per share, down from $0.15 in Q2 2026; Core Segments EAD was $0.18 per share, down from $0.25.
Unrestricted cash and cash equivalents were $201 million at September 30, 2026, and the non-GAAP recourse leverage ratio rose to 5.2x from 5.0x.
The company plans to transition to a C-corporation in 2027, with an expected initial increase of $0.73 to $0.77 per share in GAAP book value in Q4 2026.
Redwood Trust said it will release third quarter 2026 results on November 3, 2026, after the New York Stock Exchange closes, with a conference call the same afternoon. In the accompanying press release, CEO Christopher Abate said the company distributed more than $8 billion of mortgage loans through securitizations and whole loan sales in the quarter and ended September with about $190 million of cash and cash equivalents.
Third quarter 2026 results scheduled for release on Tuesday, November 3, 2026, after market close
Conference call set for 5:00 p.m. Eastern Time the same day; replay available through November 17, 2026
CEO said the company distributed more than $8 billion of mortgage loans in the third quarter and ended September with about $190 million of cash
CEO said the company intends to continue opportunistic debt repurchases under its existing authorization
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