Redwood Trust, Inc.; Redwood Trust Announces Proposed Common Stock Offering

2009 JUN 10 - (VerticalNews.com) -- Redwood Trust, Inc. (NYSE:RWT) announced the filing of a prospectus supplement with the Securities and Exchange Commission in connection with our proposed underwritten public offering of 13 million shares of our common stock. The underwriters in the offering will have a 30-day option to purchase up to an additional 1.95 million shares of our common stock to cover over-allotments, if any. Net proceeds from the offering will be used to acquire residential and commercial real estate loans and mortgage securities and may also be used to co-invest with third party investors in investment funds which we may sponsor and for other general corporate purposes. The sole bookrunning manager for the offering is J.P. Morgan Securities Inc.

A copy of the prospectus supplement and prospectus relating to these securities may be obtained, when available, by contacting J.P. Morgan Securities Inc., Attn: Prospectus Department, 4 Chase Metrotech Center, CS Level, Brooklyn, NY 11245 or by calling 1-718-242-8002.

Keywords: Redwood Trust, Inc., Common Stock, Finance, Investing, Investment, Investment Funds, Mortgage, Mutual Funds, Real Estate, Stock Market

This article was prepared by Mergers & Acquisitions Business editors from staff and other reports. Copyright 2009, Mergers & Acquisitions Business via VerticalNews.com.