Redwood Trust Declares $0.25 Per Share Dividend For The Fourth
Quarter Of 2012
MILL VALLEY, Calif.,
Nov. 13, 2012 /PRNewswire/ -- Redwood
Trust, Inc. (NYSE:RWT) today announced that its Board of Directors
authorized the declaration of a fourth quarter regular dividend of
$0.25 per share. The fourth
quarter 2012 dividend is payable on December
27, 2012 to stockholders of record on December 14, 2012.
"The payment of regular dividends remains a priority for
Redwood. Our fourth quarter dividend will mark our 54th
consecutive quarterly dividend," said Marty
Hughes, Redwood's CEO.
The Board of Directors also announced its intention to increase
Redwood's regular dividend to $0.28
per share per quarter in 2013.
Mr. Hughes stated, "Our business, earnings, and cash flows have
been improving and, as a result, we are pleased to increase our
regular dividend payments to shareholders."
For more information about Redwood Trust, Inc., please visit our
website at: www.redwoodtrust.com.
Cautionary Statement: This press release contains
forward-looking statements within the meaning of the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995,
including statements relating to Redwood's intentions with respect
to 2013 regular dividends. Forward-looking statements involve
numerous risks and uncertainties. Our actual results may differ
from our beliefs, expectations, estimates, and projections and,
consequently, you should not rely on these forward-looking
statements as predictions of future events. Forward-looking
statements are not historical in nature and can be identified by
words such as "anticipate," "estimate," "will," "should," "expect,"
"believe," "intend," "seek," "plan" and similar expressions or
their negative forms, or by references to strategy, plans, or
intentions. These forward-looking statements are subject to risks
and uncertainties, including, among other things, those described
in our Annual Report on Form 10-K for the year ended December 31, 2011, under the caption "Risk
Factors." Other risks, uncertainties, and factors that could cause
actual results to differ materially from those projected are
described below and may be described from time to time in reports
we file with the Securities and Exchange Commission (SEC),
including reports on Forms 10-Q and 8-K. We undertake no obligation
to update or revise any forward-looking statements, whether as a
result of new information, future events, or otherwise.
Important factors, among others, that may affect our actual
results include: general economic trends, the performance of the
housing, commercial real estate, mortgage, credit, and broader
financial markets, and their effects on the prices of earning
assets and the credit status of borrowers; federal and state
legislative and regulatory developments, and the actions of
governmental authorities, including those affecting the mortgage
industry or our business; our exposure to credit risk and the
timing of credit losses within our portfolio; the concentration of
the credit risks we are exposed to, including due to the structure
of assets we hold and the geographical concentration of real estate
underlying assets we own; our exposure to adjustable-rate and
negative amortization mortgage loans; the efficacy and expense of
our efforts to manage or hedge credit risk, interest rate risk, and
other financial and operational risks; changes in credit ratings on
assets we own and changes in the rating agencies' credit rating
methodologies; changes in interest rates; changes in mortgage
repayment rates; the availability of assets for purchase at
attractive prices and our ability to reinvest cash we hold; changes
in the values of assets we own; changes in liquidity in the market
for real estate securities and loans; our ability to finance the
acquisition of real estate-related assets with short-term debt; the
ability of counterparties to satisfy their obligations to us; our
involvement in securitization transactions and the risks we are
exposed to in engaging in securitization transactions; exposure to
litigation arising from our involvement in securitization
transactions; whether we have sufficient liquid assets to meet
short-term needs; our ability to successfully compete and retain or
attract key personnel; our ability to adapt our business model and
strategies to changing circumstances; changes in our investment,
financing, and hedging strategies and new risks we may be exposed
to if we expand our business activities; exposure to environmental
liabilities and the effects of global climate change; failure to
comply with applicable laws and regulations; our failure to
maintain appropriate internal controls over financial reporting and
disclosure controls and procedures; the impact on our reputation
that could result from our actions or omissions or from those of
others; changes in accounting principles and tax rules; our ability
to maintain our status as a real estate investment trust (REIT) for
tax purposes; limitations imposed on our business due to our REIT
status and our status as exempt from registration under the
Investment Company Act of 1940; decisions about raising, managing,
and distributing capital; and other factors not presently
identified.
SOURCE Redwood Trust, Inc.