Redwood Trust and CPP Investments Announce $750 Million Strategic Capital Partnership [Yahoo! Finance]
Redwood Trust, Inc. (RWT)
Last redwood trust, inc. earnings: 2/27 04:16 pm
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Source: Yahoo! Finance
MILL VALLEY, Calif. & TORONTO, March 19, 2024 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. 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 acquisitions. Redwood and its subsidiaries will administer the assets on behalf of the Joint Venture. Together, CPP Investments and Redwood will contribute up to $500 million of equity to the Joint Venture, with an anticipated split of 80% from CPP Investments and 20% from Redwood. Redwo
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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