Redwood Trust, Inc. (NYSE:RWT, Financial) ("Redwood" or the "Company"), a leader in expanding access to housing for homebuyers and renters, today announced that its Board of Directors has authorized the repurchase of up to $125 million of common stock. This stock repurchase program, which replaces the $100 million common stock repurchase program approved by the Board of Directors in 2018, has no time limit and may be modified, suspended or discontinued at any time. The Board of Directors also continued its previous authorization for the repurchase of outstanding corporate debt securities.
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