Core Viewpoint - Redwood Trust, Inc. announced tax information regarding its dividend distributions for 2025, detailing the expected federal income tax treatment for both common and preferred stock dividends [1][3][4]. Dividend Distribution Summary - All common stock dividend distributions paid during 2025 will be reportable on shareholders' federal income tax returns, characterized as 39% ordinary income, 2% qualified dividends, and 59% return of capital [3][5]. - Preferred stock dividend distributions for 2025 are expected to be characterized as 96% ordinary income and 4% qualified dividends [4][5]. Tax Implications - Individual taxpayers may take a 20% deduction from taxable income of their ordinary income REIT dividends under section 199A, subject to certain holding period requirements [6]. - Corporate shareholders are generally not eligible for the corporate dividends-received deduction or the 20% ordinary REIT dividend deduction [7]. Detailed Dividend Information - Common Stock (CUSIP 758075 40 2) distributions for 2025 are detailed as follows: - Total distribution per share: $0.7200, with $0.2940 as ordinary dividends and $0.4260 as return of capital [8]. - Preferred Stock (CUSIP 758075 80 8) distributions for 2025 total $2.5000 per share, with $2.5000 as ordinary dividends and $2.4012 as return of capital [9]. Company Overview - Redwood Trust, Inc. is a specialty finance company focused on providing liquidity to segments of the U.S. housing market not well served by government programs, operating through three core residential housing-focused platforms and a venture investing initiative [11].