REDWOOD TRUST INC

RWTS ·Real Estate, REIT - Diversified, United States

Net Cash Flow Breakdown

FY2011 FY2010 FY2009 FY2008

Total Cash from Operations: $1.32B

Line Item	Value	% of Total
Dividends Paid	$102.9M	7.8%
Stock Repurchases	$6.2M	0.5%
Net Change in Short-Term Borrowings	$7.6M	0.6%
Other Financing	$1.20B	91.1%
Net Cash Flow	$0	0.0%