MILL
VALLEY, CA – April 23, 2010 -- Redwood Trust, Inc. (NYSE: RWT) today is
announcing the pricing of a public offering of senior prime residential
mortgage-backed securities to be issued by Sequoia Mortgage Trust 2010-H1, a
securitization trust sponsored by RWT Holdings, Inc., a wholly-owned subsidiary
of Redwood Trust, Inc. The offered securities include $222,378,000
principal amount of Class A-1 Certificates, which will be rated “Aaa” at the
time of issuance by Moody’s Investors Service, Inc. The Class A-1
Certificates have an initial interest rate of 3.75% 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 April 28, 2010.
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 Citigroup Global Markets Inc.
JPMorgan Securities Inc. is also acting as an underwriter 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 2010-H1, 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 THE INVESTOR RELATIONS DEPARTMENT AT
1(877) 858-5407.
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 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.
