Business Context and Reporting Period
Company: Redwood Trust, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: February 23, 2017
Reporting Period: Fourth Quarter ended December 31, 2016
This filing serves as a notification of the release of financial results for the quarter ended December 31, 2016, and the declaration of a quarterly dividend. The detailed financial data is contained in attached Exhibits 99.1 and 99.2, which are furnished but not filed with the SEC.
Key Financial Metrics
The Form 8-K text itself does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are referenced as being contained within the attached press release (Exhibit 99.1) and "The Redwood Review" (Exhibit 99.2).
Dividend Declaration:
- Amount: $0.28 per share
- Quarter: First Quarter 2017
- Record Date: March 16, 2017
- Payment Date: March 31, 2017
Material Changes
The filing does not explicitly detail material changes in financial condition or operations compared to prior periods within the body text. Investors must refer to the attached exhibits for comparative analysis of the fourth quarter 2016 results.
Guidance, Outlook, and Corporate Actions
Annual Meeting:
- Date: May 18, 2017
- Time: 10:30 a.m. (Pacific)
- Location: Mill Valley, California
- Record Date for Voting: March 24, 2017
Management Commentary: The filing references the issuance of "The Redwood Review - 4th Quarter 2016" for management commentary and operational updates.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific Q4 2016 revenue, net income, and FFO figures.
- Review Exhibit 99.2 (The Redwood Review) for detailed portfolio performance and liquidity metrics.
- Confirm the dividend payment schedule ($0.28/share) against brokerage statements for the March 31, 2017 payment date.
- Verify stock ownership status by the March 24, 2017 record date to ensure voting rights for the May 18, 2017 annual meeting.