Bradley L. Radoff Urges Redwood Trust’s Board of Directors to Explore a Sale

HOUSTON--( BUSINESS WIRE)--Bradley L. Radoff today issued the following open letter to the Board of Directors of Redwood Trust, Inc. (NYSE: RWT).

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September 14, 2026

Redwood Trust, Inc.

One Belvedere Place, Suite 300

Mill Valley, California 94941

Attn: The Board of Directors

Members of the Board of Directors (the “Board”),

I am a significant holder of the outstanding shares of Redwood Trust, Inc. (“Redwood Trust” or the “Company”). Given the Company’s recent refinancing, I believe the Board should immediately hire a qualified investment banker and commence a sale process. I believe there are multiple strategic parties who would be interested in acquiring Redwood Trust if it were officially on the market.

Below are the key reasons underpinning my view that the Company is better off being sold than remaining a standalone publicly traded entity:

I strongly believe a sale is the only positive risk-adjusted outcome for shareholders given the Company’s persistent trading discount to intrinsic value and absurd executive compensation. I urge the Board to do the right thing for shareholders.

If the Board refuses to initiate a review of strategic alternatives, I intend to nominate an alternative slate of director candidates for election to the declassified Board at the 2027 annual meeting of shareholders on the platform of pursuing a value-maximizing sale for the benefit of all shareholders.

Sincerely,

Bradley L. Radoff

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1 Company DEF 14A dated March 31, 2026.

2 Ibid.

3 Company Form 4 filings.