MILL VALLEY, Calif.--(BUSINESS WIRE)--May 6, 2005--Redwood Trust,
Inc. (NYSE:RWT), a financial institution that invests in,
credit-enhances, and securitizes residential and commercial real
estate loans and securities, today announced that its Board of
Directors authorized the declaration of a second quarter regular
dividend of $0.70 per share. The second quarter 2005 dividend is
payable on July 21, 2005 to stockholders of record on June 30, 2005.
"We are pleased to announce the continuation of our regular
dividend rate of $0.70 per share," said George Bull, Redwood's
Chairman and CEO. "We feel confident in our ability to sustain this
regular dividend rate, given the strength of our business model.
"It is possible we may declare a special dividend in the future,"
Bull added. "Our Board of Directors reviews a variety of factors,
including REIT taxable income for the full tax year, when considering
the authorization of special dividends. Our current plan is to
consider the possible declaration of a special dividend during the
fourth quarter of 2005."
For more information about Redwood Trust, Inc., please visit
www.redwoodtrust.com.
CAUTIONARY STATEMENT
This press release contains forward-looking statements within the
safe harbor provisions of the Private Securities Litigation Reform Act
of 1995. Statements that are not historical in nature, including the
words "anticipated," "estimated," "should," "expect," "believe,"
"intend," and similar expressions, are intended to identify
forward-looking statements. These forward-looking statements are
subject to risks and uncertainties, including, among other things,
those described in our Annual Report on Form 10-K under the caption
"Risk Factors." Other risks, uncertainties, and factors that could
cause actual results to differ materially from those projected are
detailed from time to time in reports filed by us with the Securities
and Exchange Commission, or SEC, including Forms 10-Q and 8-K.
We undertake no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events, or otherwise. In light of these risks, uncertainties,
and assumptions, the forward-looking events mentioned, or discussed
in, this press release might not occur. Accordingly, our actual
results may differ from our current expectations, estimates, and
projections.
Important factors that may impact our actual results include
changes in interest rates and market values; changes in prepayment
rates; general economic conditions, particularly as they affect the
price of earning assets and the credit status of borrowers; the level
of liquidity in the capital markets as it affects our ability to
finance our real estate asset portfolio; and other factors not
presently identified. For a discussion of risk factors, readers should
review the section of our Annual Report on Form 10-K entitled "Risk
Factors." This press release contains statistics and other data that
in some cases have been obtained from, or compiled from information
made available, by servicers and other third-party service providers.
CONTACT: Redwood Trust, Inc.
Harold Zagunis or Nicole Klock, 415-389-7373
SOURCE: Redwood Trust, Inc.