Corporate GovernanceApr 28, 2026, 08:34 AM
DX Amends Stock Distribution Agreement, Updates Compliance
AI Summary
Dynex Capital, Inc. (DX) filed Amendment No. 9 to its Distribution Agreement, originally dated June 29, 2018. This amendment updates the definitions of agents and significantly revises sections related to Anti-Corruption Laws and Sanctions compliance. A new section was also added to reinforce adherence to Anti-Corruption, Anti-Money Laundering, and Sanctions laws. The agreement continues to allow for the issuance and sale of up to 221,292,973 shares of common stock through the listed agents.
Key Highlights
- Amendment No. 9 to Distribution Agreement dated June 29, 2018.
- Allows issuance of up to 221,292,973 common shares through agents.
- Updated definition of "Agent" and "Agents" to include 10 firms.
- Section 3(gg) revised for Anti-Corruption Laws compliance.
- Section 3(ii) revised for Sanctions compliance, including OFAC.
- New Section 3(ww) added for Anti-Corruption, Anti-Money Laundering, and Sanctions compliance.
Price Impact
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