Redwood Trust Urged to Explore Sale Amid Credibility Crisis

Bradley L. Radoff urges Redwood Trust's board to explore a sale, citing the company's recent refinancing and high executive compensation as reasons for the board to hire an investment banker and commence a sale process. Radoff believes that the board has lost credibility and that the company's public structure is primarily used to enrich executives. If the board refuses to run a sale process, Radoff intends to nominate an alternative slate at the 2027 annual meeting.