Business Context and Reporting Period
Company: Redwood Trust, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: February 25, 2016
Reporting Period: Fourth Quarter ended December 31, 2015
This filing serves as a notification of the release of financial results for the quarter ended December 31, 2015, and the declaration of a dividend for the first quarter of 2016. The detailed financial data is contained in attached exhibits (Exhibit 99.1 and 99.2) and is not explicitly detailed within the text of this 8-K form.
Key Financial Metrics
The text of this filing does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are referenced as being contained in the attached press release (Exhibit 99.1) and "The Redwood Review" (Exhibit 99.2).
Dividend Declaration:
- Amount: $0.28 per share
- Period: First Quarter 2016
- Record Date: March 16, 2016
- Payment Date: March 31, 2016
Material Changes
The filing does not explicitly detail material changes in financial condition or operations compared to prior periods. It solely announces the availability of the Q4 2015 results and the new dividend declaration.
Guidance, Outlook, and Corporate Actions
Annual Meeting:
- Date: May 16, 2016
- Time: 10:30 a.m.
- Location: Mill Valley, California
- Record Date for Voting: March 24, 2016
Regulation FD Disclosure: The company issued a press release and "The Redwood Review" on February 25, 2016, which are furnished but not filed with the SEC and shall not be incorporated by reference into other filings unless expressly stated.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific Q4 2015 revenue, net income, and FFO figures.
- Review Exhibit 99.2 (The Redwood Review) for detailed portfolio performance and liquidity analysis.
- Confirm the dividend payment date of March 31, 2016, for cash flow planning.
- Verify the record date of March 16, 2016, to ensure eligibility for the Q1 2016 dividend.
- Check the annual meeting record date of March 24, 2016, for voting rights eligibility.