Attached files
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8-K - REDWOOD TRUST INC | v211917_8k.htm |
Exhibit
99.1
FOR
IMMEDIATE RELEASE
|
Contact: Mike
McMahon
|
February
18, 2011
|
(415)
384-3805
|
Redwood
Trust Announces Pricing of Prime Residential Mortgage
Securitization
MILL
VALLEY, CA – February 18, 2011 -- Redwood Trust, Inc. (NYSE: RWT) today is
announcing the pricing of a public offering of prime residential mortgage-backed
securities to be issued by Sequoia Mortgage Trust 2011-1, a securitization trust
sponsored by RWT Holdings, Inc., a wholly-owned subsidiary of Redwood Trust,
Inc. The offered securities include approximately $270 million
principal amount of Class A-1 Certificates, which are expected to be rated “AAA”
at the time of issuance by Fitch, Inc. The Class A-1 Certificates
have an initial interest rate of 4.125% per annum, subject to subsequent
adjustments and as calculated in the manner set forth in the prospectus relating
to the offering. The offering is currently expected to close on March 1,
2011.
The
offering is being conducted as a public offering registered under the Securities
Act of 1933 and the regulations promulgated thereunder by the Securities and
Exchange Commission, or SEC. Further information regarding the
offering is contained in the prospectus referred to below.
The lead
managing underwriter of the offering is Credit Suisse Securities (USA) LLC.
J.P. Morgan Securities LLC and Jefferies & Company, Inc. are also
acting as underwriters of the offering.
The
offering is being made by means of a prospectus. This announcement does not
constitute an offer to sell or a solicitation of an offer to buy any securities,
nor shall there be any sale of these securities, in any state or jurisdiction in
which such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state or
jurisdiction.
SEQUOIA RESIDENTIAL FUNDING, INC.,
THE DEPOSITOR WITH RESPECT TO SEQUOIA MORTGAGE TRUST 2011-1, HAS
FILED A REGISTRATION STATEMENT (INCLUDING A BASE PROSPECTUS) WITH THE SEC FOR
THE OFFERING TO WHICH THIS COMMUNICATION RELATES. BEFORE YOU INVEST, YOU SHOULD
READ THE BASE PROSPECTUS IN THAT REGISTRATION STATEMENT AND OTHER DOCUMENTS THE
DEPOSITOR HAS FILED WITH THE SEC FOR MORE COMPLETE INFORMATION ABOUT THE
DEPOSITOR AND THE OFFERING. YOU MAY GET THESE DOCUMENTS AT NO CHARGE BY VISITING
EDGAR ON THE SEC WEB SITE AT WWW.SEC.GOV. ALTERNATIVELY, THE DEPOSITOR, ANY
UNDERWRITER OR ANY DEALER PARTICIPATING IN THE OFFERING WILL ARRANGE TO SEND YOU
THE BASE PROSPECTUS AND OTHER DOCUMENTS THE DEPOSITOR HAS FILED WITH THE SEC AT
NO CHARGE IF YOU REQUEST THEM BY CALLING 1-800-221-1037.
The
registration statement to which this offering relates is Commission File Numbers
333-159791 and 333-159791-01
CAUTIONARY
STATEMENT: This announcement contains forward-looking statements within the
meaning of the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995, including statements related to the rating of offered
securities and the closing date of the offering. Forward-looking statements
involve numerous risks and uncertainties. Actual events may differ
from current expectations and, consequently, you should not rely on these
forward-looking statements as predictions of future events.