Redwood Trust and CPP Investments Announce $750 Million Strategic Capital Partnership
Redwood Trust, Inc. (RWT)
Last redwood trust, inc. earnings: 2/27 04:16 pm
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Source: Business Wire
Creates Long-Term Alignment Between Two Leading Investment ManagersProvides Accretive Financing Capacity to Support Growth of Redwood’s Market-Leading Operating Platforms MILL VALLEY, Calif. & TORONTO--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, and Canada Pension Plan Investment Board (“CPP Investments”), through subsidiaries of CPPIB Credit Investments Inc., today announced a $750 million strategic capital partnership.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240319990631/en/The partnership consists of a newly formed $500 million Asset Joint Venture and a $250 million corporate secured financing facility that CPP Investments is providing to Redwood.The Joint Venture will initially invest across the broad suite of Redwood’s residential investor bridge and term loans, targeting more than $4 billion in total acquisit
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RWT
News
- Redwood Trust, Inc. (NYSE: RWT) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $8.00 price target on the stock.MarketBeat
- Redwood Trust Announces Date of First Quarter 2024 Financial Results Webcast and Conference CallBusiness Wire
- Redwood Trust: Why The 10.3% Yielding Preferreds Should Be Considered [Seeking Alpha]Seeking Alpha
- Redwood Trust, Inc. (NYSE: RWT) was downgraded by analysts at Wedbush from an "outperform" rating to a "neutral" rating.MarketBeat
- Redwood Trust, Inc. (NYSE: RWT) had its price target lowered by analysts at Keefe, Bruyette & Woods from $7.75 to $7.25. They now have an "outperform" rating on the stock.MarketBeat
RWT
Earnings
- 2/20/24 - Miss
RWT
Sec Filings
- 4/18/24 - Form 4
- 4/18/24 - Form 4
- 4/18/24 - Form 4
- RWT's page on the SEC website