DYNEX CAPITAL INC

Dynex Capital Inc. reported a significant decline in its third quarter 2026 financial results, with a total economic return of $(1.48) per common share and a decrease in book value per common share to $10.91. The company's investment portfolio grew to $28.3 billion due to substantial MBS purchases, funded in part by $384 million in capital raised. However, leverage increased to 9.0 times shareholders' equity. Despite the negative financial performance, the company declared a dividend of $0.51 per common share and maintained $1.3 billion in liquidity.

Dynex Capital, Inc. entered into Amendment No. 10 to its distribution agreement, increasing the number of shares of common stock available for sale through its "at the market" offering program. The amendment adds 80,000,000 shares, bringing the total to 301,292,973 shares, with 99,326,438 shares remaining available for issuance. The shares will be offered through various sales agents including BTIG, Goldman Sachs, J.P. Morgan, and Morgan Stanley.

Dynex Capital reported strong financial results for the second quarter of 2026, with net income to common shareholders reaching $178.1 million, a significant improvement from a loss in the prior year. Diluted earnings per share stood at $0.80. The company also saw substantial growth in its total assets and shareholders' equity compared to the end of 2025, driven by increased mortgage-backed securities and corresponding repurchase agreements.

Dynex Capital announced strong second quarter 2026 financial results, reporting a total economic return of $0.81 per common share and an increase in book value per common share to $12.90. The company's total investment portfolio expanded by 11% to $27.6 billion, fueled by $2.8 billion in MBS purchases. Dynex also successfully raised $391 million in common equity through its ATM program, contributing to a decrease in leverage.

Dynex Capital, Inc. announced the appointment of Douglas Neal as an independent director to its Board of Directors, effective June 15, 2026. This appointment increases the board size to seven members, and Mr. Neal will serve on both the Audit and Compensation Committees. The company highlighted Mr. Neal's strong background in investment banking, financial services, and public company board service, anticipating his valuable contributions to the company's growth and shareholder value.

Dynex Capital Inc. shareholders approved an amendment to increase the number of authorized common stock from 360,000,000 to 720,000,000 shares at the 2026 Annual Meeting. Additionally, shareholders elected six directors, approved executive officer compensation in an advisory vote, and ratified Ernst & Young LLP as the company's auditors for the 2026 fiscal year. The Board also approved new indemnification agreements for its directors and executive officers.

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.

DYNEX CAPITAL INC reported a significant increase in net loss to common shareholders for Q1 2026, reaching $(83.0) million, compared to $(5.0) million in Q1 2025. This was primarily driven by a substantial unrealized loss on investments of $(251.8) million, despite a strong increase in net interest income to $79.3 million and a gain on derivative instruments of $104.7 million. The company's total assets grew to $24.3 billion, largely financed by an increase in repurchase agreements.

Dynex Capital, Inc. announced that its Board of Directors approved a new share repurchase program. The program authorizes the repurchase of up to $300 million of its common stock and up to $50 million of its preferred stock, totaling $350 million. This new program is authorized through April 30, 2028, and replaces the company's previous repurchase program. Repurchases may occur through various means, including open market transactions, and are subject to market conditions and regulatory requirements.