Dynex Capital, Inc. Announces 2023 Dividend Tax Information

Rhea-AI Summary

Dynex Capital, Inc. (NYSE: DX) has announced the tax treatment of common stock and preferred stock dividends declared in 2023. Common stockholders received $0.13 per share, with $0.0617600 as ordinary income and $0.0682400 as non-dividend distributions. Preferred stockholders received $0.431250 per share, all of which was considered ordinary income. Shareholders are advised to consult their tax advisors for specific tax consequences.

GLEN ALLEN, Va.--(BUSINESS WIRE)-- Dynex Capital, Inc. (“Dynex” or the “Company”) (NYSE: DX) today announced the tax treatment of common stock and preferred stock dividends declared in 2023.

Dividend Tax Information

We are providing the information below to assist shareholders with their tax reporting requirements relating to the dividend distributions by Dynex. Shareholders should review the 2023 tax statements and/or Forms 1099 that they receive from their brokerage firms to ensure that the dividend distribution information reported on such statements conforms to the information set forth in this press release.

Dynex Capital, Inc. Common Stock (CUSIP 26817Q886)

Record Date	Payment Date	Dividends per Share (1)	Ordinary Income	Capital Gain Distribution	Nondividend Distributions	Section 199A Dividends
11/24/23	12/01/23	$ 0.13	$ 0.0617600	$ 0.00	$ 0.0682400	$ 0.0617600
10/26/23	11/01/23	$ 0.13	$ 0.0617600	$ 0.00	$ 0.0682400	$ 0.0617600
09/22/23	10/02/23	$ 0.13	$ 0.0617600	$ 0.00	$ 0.0682400	$ 0.0617600
08/23/23	09/01/23	$ 0.13	$ 0.0617600	$ 0.00	$ 0.0682400	$ 0.0617600
07/21/23	08/01/23	$ 0.13	$ 0.0617600	$ 0.00	$ 0.0682400	$ 0.0617600
06/23/23	07/03/23	$ 0.13	$ 0.0617600	$ 0.00	$ 0.0682400	$ 0.0617600
05/22/23	06/01/23	$ 0.13	$ 0.0617600	$ 0.00	$ 0.0682400	$ 0.0617600
04/21/23	05/01/23	$ 0.13	$ 0.0617600	$ 0.00	$ 0.0682400	$ 0.0617600
03/21/23	04/03/23	$ 0.13	$ 0.0617600	$ 0.00	$ 0.0682400	$ 0.0617600
02/21/23	03/01/23	$ 0.13	$ 0.0617600	$ 0.00	$ 0.0682400	$ 0.0617600
01/23/23	02/01/23	$ 0.13	$ 0.0617600	$ 0.00	$ 0.0682400	$ 0.0617600
12/23/22	01/03/23	$ 0.13	$ 0.0617600	$ 0.00	$ 0.0682400	$ 0.0617600
		$ 1.56	$ 0.7411200	$ 0.00	$ 0.8188800	$ 0.7411200

(1)

The dividend distribution to common stockholders of record as of December 23, 2023, of $0.13 per common share, which was paid on January 2, 2024, will be reported on Form 1099-DIV for 2024.

Dynex Capital, Inc. Series C Preferred Stock (CUSIP 26817Q878)

Record Date	Payment Date	Dividends per Share	Ordinary Income	Capital Gain Distribution	Nondividend Distributions	Section 199A Dividends
10/01/23	10/16/23	$ 0.431250	$ 0.431250	$ 0.00	$ 0.00	$ 0.431250
07/01/23	07/17/23	$ 0.431250	$ 0.431250	$ 0.00	$ 0.00	$ 0.431250
04/01/23	04/17/23	$ 0.431250	$ 0.431250	$ 0.00	$ 0.00	$ 0.431250
01/01/23	01/17/23	$ 0.431250	$ 0.431250	$ 0.00	$ 0.00	$ 0.431250
		$ 1.725000	$ 1.725000	$ 0.00	$ 0.00	$ 1.725000

Tax Disclaimer

The information above should not be construed as tax advice and is not a substitute for careful tax planning and analysis. Shareholders should consult their tax advisors regarding the specific federal, state, local, foreign, and other tax consequences to them regarding their ownership of shares of the Company’s common and preferred stock.

About Dynex Capital

Dynex Capital, Inc. is a financial services company committed to ethical stewardship of stakeholders' capital; employing comprehensive risk management and disciplined capital allocation to generate dividend income and long-term total returns through the diversified financing of real estate assets in the United States. Dynex operates as a REIT and is internally managed to maximize stakeholder alignment. Additional information about Dynex Capital, Inc. is available at www.dynexcapital.com.

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Alison Griffin

(804) 217-5897

Source: Dynex Capital, Inc.

What is the ticker symbol for Dynex Capital, Inc.?

The ticker symbol for Dynex Capital, Inc. is DX.

How much did common stockholders receive per share in 2023?

Common stockholders received $0.13 per share.

What portion of the common stock dividend was considered ordinary income?

The ordinary income portion of the common stock dividend was $0.0617600.

What should shareholders do regarding the tax treatment of the dividends?

Shareholders should consult their tax advisors for specific tax consequences.

What is the CUSIP for Dynex Capital, Inc. Series C Preferred Stock?

The CUSIP for Dynex Capital, Inc. Series C Preferred Stock is 26817Q878.