Tranche Update on Redwood Trust, Inc.'s Equity Buyback Plan announced on February 25, 2016.
January 22, 2018 at 02:01 pm
Share
From October 1, 2017 to December 31, 2017, the company has repurchased 610,000 shares, representing 0.79% for $9.18 million. With this, the company has completed the repurchase of 1,713,924 shares, representing 2.21% for $23.07 million under the buyback announced on February 25, 2016.
Redwood Trust, Inc. is a specialty finance company focused on several distinct areas of housing credit. The Company's segments include Residential Consumer Mortgage Banking, Residential Investor Mortgage Banking, and Investment Portfolio. The Residential Consumer Mortgage Banking segment consists of a mortgage loan conduit that acquires residential loans from third-party originators for subsequent sale to whole loan buyers, securitization through its SEMT (Sequoia) private-label securitization program, or transfer into its investment portfolio. The Residential Investor Mortgage Banking segment consists of a platform that originates business purpose lending loans for subsequent securitization, sale, or transfer into its investment portfolio. The Investment Portfolio segment consists of organic investments sourced through the Company's mortgage banking operations. Additionally, through RWT Horizons, its venture investing initiative, the Company invests in early-stage companies.
REDWOOD TRUST, INC. 
