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The latest announcement is out from Redwood Trust (RWT).
Redwood Trust, Inc. will present its strategic vision and financial targets during its Investor Day on March 19, 2024, which will be webcast live. In conjunction with this, Redwood has announced a significant $750 million partnership with CPP Investments, comprising a $500 million joint venture focusing on residential investor loans, and a $250 million secured financing facility to support asset growth. Additionally, Redwood has issued warrants to CPP Investments, potentially convertible into a 5% equity stake, aligning long-term interests and providing an opportunity for CPP Investments to participate in Redwood’s growth.
See more insights into RWT stock on TipRanks’ Stock Analysis page.