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Stock impact report

Redwood Trust prices upsized equity offering, shares down 3% premarket [Seeking Alpha]

Redwood Trust, Inc. (RWT) 
Last redwood trust, inc. earnings: 2/27 04:16 pm Check Earnings Report
US:NYSE Investor Relations: redwoodtrust.com/corporateprofile
Company Research Source: Seeking Alpha
Redwood Trust prices upsized equity offering, shares down 3% premarket - Redwood Trust, Inc. (NYSE:RWT) | Seeking Alpha Financials Redwood Trust prices upsized equity offering, shares down 3% premarket Sep. 4, 2019 5:44 AM ET | Redwood Trust, Inc. (RWT) Niloofer Shaikh Redwood Trust (NYSE: down 3.1% pricing Underwriters over-allotment is an additional 1.875M shares of its common stock. The offering is expected to close on September 6. Net proceeds from this offering will be used to fund business and investment activity, to fund new investment opportunities in portfolios of residential, multifamily, or business purpose residential loans or securities, to make other portfolio investments, to fund its mortgage banking business, and to repay its $201M principal amount of exchangeable senior notes maturing in November 2019, and for general corporate purposes. Previously: Redwood Trust plans capital raise; shares fall 1.6% Click to subscribe to real-time analytics on RWT Now read: New Res Show less Read more
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