MILL VALLEY, Calif.--(BUSINESS WIRE)--March 10, 2006--Redwood
Trust, Inc. (NYSE:RWT) today announced that its Board of Directors
authorized the declaration of a first quarter regular dividend of
$0.70 per share. The first quarter 2006 dividend is payable on April
21, 2006 to stockholders of record on March 31, 2006.
"We are pleased to declare another regular dividend this quarter
of $0.70 per share," said George Bull, Redwood's Chairman and CEO. "We
intend to maintain our regular dividend rate at a conservative level
so that shareholders can reasonably depend on it in the future."
Redwood also announced that its Board of Directors has set May 11,
2006 as the date for the annual meeting of stockholders. The meeting
will be held at 10:30 a.m. in Mill Valley, California. Stockholders of
record as of March 31, 2006 will be entitled to vote at that meeting.
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 Item 1A "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, including Forms 10-Q and 8-K. 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. 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. We undertake no obligation
to publicly update or revise any forward-looking statements, whether
as a result of new information, future events, or otherwise.
CONTACT: Redwood Trust, Inc.
Harold Zagunis or Nicole Klock, 415-389-7373
SOURCE: Redwood Trust, Inc.