◆ Preferred Stock Research

ⓘ Guide

RWT-P-A

REDWOOD TRUST INC · Series A · REIT - Diversified
Also quoted as: RWT-A, RWTprA, RWT.PRA, RWT-PA, RWTpA
$24.29
last price

About this security

RWT-P-A is a 10% cumulative perpetual preferred stock issued by REDWOOD TRUST INC, a REIT - Diversified issuer. $25 liquidation preference, current yield 10.29%, callable from 2028-04-15.

REDWOOD TRUST INC: Introduction Redwood Trust, Inc., together with its subsidiaries, is a specialty finance company focused on several distinct areas of housing credit, with a mission to make quality housing, whether rented or owned, accessible to all American households. Our operating platforms occupy a unique position in the housing finance value chain, providing liquidity to growing segments of the U.S. housing market not well served by government programs. We deliver customized housing credit investments to a diverse mix of investors through our best-in-class securitization platforms, whole-loan distribution activities and our publicly-traded securities. Our aggregation, origination, and investment activities have evolved to incorporate a diverse mix of residential consumer and residential investor housing credit assets. We operate our business across four reportable segments: Sequoia Mortgage Banking, CoreVest Mortgage Banking, Redwood Investments, and Legacy Investments. Our goal is to provide attractive returns to shareholders through a stable and growing stream of earnings and dividends, capital appreciation, and a continued commitment to technological innovation that supports disciplined, risk‑minded growth. Our primary sources of income are net interest income from our investments and non-interest income from our mortgage banking activities. Net interest income primarily consists of the interest income we earn on investments, less the interest expense we incur on borrowed funds and other liabilities.

Issuer page — all REDWOOD TRUST INC securities & profile →

Key Stats ✓ terms from SEC 424B5 — verify via link below

Current Yield
10.29%
Annual Dividend
$2.5000
Recent Market Price
$24.29
Disc/Prem to Par (→ screen)
Recent Ex-Date
2026-04-01
Pay Frequency
quarterly
Cumulative
Yes
Original Coupon
10.000%
Call Date
2028-04-15
Yield to Call
11.72%
Yield to Worst
10.29%
Liq. Preference
$25.00
Maturity
Perpetual
Redeemable
Yes
Convertible
No
Floating Rate
five-year U.S. Treasury Rate + 6.278%
Pay Dates
April 15, July 15, October 15, January 15
Shares Offered (original)
2,600,000 +390,000 OA
Issued
2023-01-12
Series
A
Alt. Symbology
RWT-A, RWTprA, RWT.PRA, RWT-PA, RWTpA

vs. REIT - Diversified category (117 issues): yield 10.29% vs avg 8.21% · discount -2.8% vs avg -15.1%

Quote

 RWT-P-A (preferred)RWT (common)
Last $24.29 $5.25
Change
Open$24.19$5.19
High / Low $24.40 / $24.10 $5.29 / $5.16
Prev Close
Volume10,252971,270
52-Week High / Low $25.98 / $23.11 $6.97 / $5.00

52-week range based on available history. Shares outstanding / market cap require a fundamentals feed (not in current data plan).

Price

RWT-P-A RWT (common)

Dividend History

Ex-DateAmount / Share
2026-04-01$0.625000
2025-12-31$0.625000
2025-10-01$0.625000
2025-07-01$0.625000
2025-04-01$0.625000
2024-12-31$0.625000
2024-10-01$0.625000
2024-07-01$0.625000
2024-03-28$0.625000
2023-12-27$0.625000
2023-09-28$0.625000
2023-06-29$0.625000

Performance — $10K Calculator

See what an investment in RWT-P-A would be worth today, dividends reinvested.

Dividends reinvested (DRIP) at the close on each ex-date. Full performance page →

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Prospectus (SEC 424B5)

We are offering 2,600,000 shares of our 10.00% Series A Fixed-Rate Reset Cumulative Redeemable Preferred Stock, par value $0.01 per share, which we refer to in this prospectus supplement as the "Series A Preferred Stock".

Use of proceeds: The prospectus references intended use of proceeds on page S-15, but the specific use-of-proceeds statement is not included in the provided text.

Full Prospectus (SEC filing) →

Other Securities from REDWOOD TRUST INC

SymbolTypeCouponPriceYield
RWTN baby bond 24.69 9.24%

News — REDWOOD TRUST INC

Issuer news via Tiingo, tagged to RWT.

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About this site

This site tracks preferred stocks and baby bonds — investments that pay regular, scheduled dividends. Every figure shown is drawn from companies' SEC filings and live market quotes.

What you're looking at
A preferred stock sits between a common stock and a bond. It usually trades near a $25 face value and pays a fixed dividend on a set schedule. Baby bonds are similar, but they are debt that matures on a stated date.
Key terms
YieldAnnual income as a % of the price. Higher means more income — but check why a yield is unusually high.
ParThe face value, almost always $25 — the price the company can redeem the share at.
Discount / PremiumWhether the share trades below par (a discount) or above it (a premium).
Call dateThe first date the company is allowed to buy the share back from you at par.
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