Redwood Trust Announces Transition to C-Corporation Structure in 2027
Redwood Trust (RWT) has announced plans to transition from a Real Estate Investment Trust (REIT) to a taxable C-corporation starting in 2027. This strategic shift follows the company's 32-year history operating under the REIT structure. The management expects this structural change to provide an initial boost to GAAP book value, estimated between $0.73 and $0.77 per share. As part of this transition, the company will reset its dividend to $0.02 per share.
Tickers: $RWT
Topics: C-corporation conversion Earnings Call REIT transition
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