Welcome to our dedicated page for Dynex Cap SEC filings (Ticker: DX), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Dynex Capital, Inc. (NYSE: DX) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures filed with the U.S. Securities and Exchange Commission. As a Virginia-incorporated financial services company operating as an internally managed real estate investment trust (REIT), Dynex Capital files current reports, registration statements, and other documents that explain its financing activities, capital structure, and legal and tax considerations.
Investors can review current reports on Form 8-K in which Dynex Capital describes material events, such as amendments to its at-the-market equity distribution agreement, updates to legal opinions, and revisions to tax disclosure related to a universal shelf registration statement on Form S-3. These filings outline how additional common shares may be offered through sales agents in at-the-market offerings and provide the associated legal opinions from counsel.
The filings record financial reporting and disclosure practices, including press releases furnished as exhibits that summarize quarterly results, portfolio composition in Agency RMBS and Agency CMBS, leverage metrics, and hedging strategies using interest rate swaps and U.S. Treasury futures. They also include documents like Form 15 related to the termination of a 401(k) plan’s employer stock fund, clarifying that this action does not change Dynex Capital’s reporting obligations for its common stock.
On Stock Titan, AI-powered tools help interpret lengthy SEC documents by highlighting key sections, such as changes to distribution agreements, tax and legal sections of registration statements, and descriptions of capital-raising programs. Users can quickly locate information about Dynex Capital’s common and preferred equity, at-the-market offering capacity, and other regulatory details that are important for understanding DX as a mortgage-focused REIT.
Dynex Capital, Inc. entered into Amendment No. 8 to its equity distribution agreement with a syndicate of sales agents, allowing additional "at the market" offerings of common stock. The amendment increases the number of shares of common stock that may be sold under the agreement by 60,000,000, bringing the total available under the program to 221,292,973 shares.
The company states that 67,354,187 shares of common stock remain available for issuance under this amended arrangement. These shares will be issued from time to time pursuant to Dynex Capital’s effective Registration Statement on Form S-3 and a related prospectus and prospectus supplement filed on January 27, 2026.
The sales agents, including firms such as J.P. Morgan Securities, RBC Capital Markets, UBS Securities, and Wells Fargo Securities, have provided and may continue to provide investment banking and brokerage services to Dynex Capital for customary fees, and legal and tax opinions related to the shares and certain U.S. federal income tax matters were filed as exhibits.
Dynex Capital, Inc. is registering up to 67,354,187 shares of common stock for sale under an amended at‑the‑market offering program with multiple sales agents. Under the updated distribution agreement, the company may sell these shares from time to time through firms such as J.P. Morgan, RBC Capital Markets, UBS, and Wells Fargo Securities, generally in ordinary broker transactions on the NYSE at prevailing, related, or negotiated prices. Dynex will pay the sales agents a commission of up to 2.0% of the gross sales price, and net proceeds will go to Dynex, not the agents, after commissions and offering expenses.
The company expects to use the cash raised to acquire additional investments consistent with its mortgage REIT strategy and for general corporate purposes, which may include repaying maturing obligations, capital expenditures, and working capital. The filing notes that common stock outstanding would be 242,169,099 shares after a full draw of this program and highlights REIT‑related ownership limits and other risk factors, including potential share price volatility and dilution from future equity or debt offerings.
Dynex Capital, Inc. reported strong performance for the quarter and year ended December 31, 2025 and announced a senior leadership change. The company generated total economic return of $1.29 per common share, or 10.2% of beginning book value, in the fourth quarter and $2.75 per share, or 21.6% of beginning book value, for 2025. Book value per common share rose to $13.45 as of December 31, 2025, up from $12.67 as of September 30, 2025 and $12.70 a year earlier.
Fourth-quarter comprehensive income was $1.22 per common share and net income was $1.17 per share, while full-year comprehensive income reached $2.85 per share and net income was $2.49 per share. REIT taxable income for 2025 is estimated at $229 million, including approximately $100 million of amortization of deferred tax hedge gains. The company declared dividends of $0.51 per share for the fourth quarter and $2.00 for 2025, raised $393 million of equity in the fourth quarter (part of $1.2 billion raised in 2025), and reported $1.4 billion of liquidity and leverage of 7.3 times shareholders’ equity as of December 31, 2025.
Dynex also reported purchasing $3 billion of Agency RMBS and $284 million of Agency CMBS in the fourth quarter, with total 2025 purchases of $8.2 billion and $1.2 billion, respectively, and a 58% increase in the average balance of interest-earning assets during 2025. The company announced that Meakin Bennett has been hired as Chief Operating Officer as of January 26, 2026, while Robert S. Colligan will continue as Chief Financial Officer with expanded management duties.
Dynex Capital, Inc. reported that Board member Joy Palmer has informed the company she will not stand for re-election at the 2026 Annual Meeting of Shareholders. She plans to continue serving on the Board until that meeting, providing continuity through the upcoming governance cycle.
The company stated that Ms. Palmer’s decision is not due to any disagreement with Dynex Capital regarding its operations, policies, or practices, indicating this is a voluntary transition rather than a response to internal conflict.
Dynex Capital, Inc. (DX) reported an administrative update to its universal shelf registration materials. The company incorporated by reference an updated “Taxation of Our Company” section (Exhibit 99.1), which supersedes the first two paragraphs under that heading in both the base prospectus and the related prospectus supplement. It also replaced the “Legal Matters” sections: Exhibit 99.2 supersedes those in the base prospectus, and Exhibit 99.3 supersedes the version in the prospectus supplement.
The filing further states that Exhibits 5.1 and 8.1—opinions from Morrison Foerster LLP—supersede and replace the corresponding opinions previously filed with the shelf registration, and includes Exhibit 23.1 (consent of counsel). This 8-K centers on disclosure and opinion updates tied to the shelf, not on new terms of securities issuance.
Dynex Capital (DX) reported a stronger quarter. For the three months ended September 30, 2025, net income was
Total assets reached
Dynex issued 61,025,405 common shares via its ATM program during the nine months ended September 30, 2025 for net proceeds of about
Smriti L. Popenoe, Co-CEO, President and Director of Dynex Capital Inc. (DX), reported two open-market purchases on 09/26/2025. The Form 4 shows an acquisition of 4,200 shares at $12.1564 and 60 shares at $12.12. Following these purchases the filing reports beneficial ownership of 407,278 and 407,338 shares, respectively, with the filing noting that the total includes unvested restricted stock units.
The Form 4 was signed by an attorney-in-fact on 09/29/2025. No derivative transactions, dispositions, or additional compensatory awards are disclosed in this filing.
Robert S. Colligan, listed as CFO and COO, reported an insider purchase of Dynex Capital Inc. (DX) common stock. On 09/26/2025 he acquired 4,200 shares at a price of $12.12 per share. After the reported transaction he beneficially owned 120,857 shares, held in a direct ownership form. The total includes unvested restricted stock units as noted in the explanation. The Form 4 filing was signed by an attorney-in-fact on 09/29/2025.
Smriti L. Popenoe, Co-CEO and President and director of Dynex Capital, Inc. (DX), reported a Form 4 filing showing a transaction on 09/08/2025. The filing discloses that 18,954 shares of common stock were disposed at a price of $12.93 per share, reported with transaction code F. The filing explains these shares were withheld upon vesting of restricted stock units to satisfy tax withholding obligations. After the reported transactions, Ms. Popenoe directly beneficially owns 403,078 shares (which includes unvested restricted stock units), and there are indirect holdings of 4,780 shares by spouse and 325 shares by son.
Byron L. Boston, Co-CEO and Chairman of Dynex Capital, Inc. (DX), reported a Form 4 disclosing transactions dated 09/08/2025. The filing shows 15,206 shares of Common Stock were disposed under code F (shares withheld upon RSU vesting to satisfy tax withholding) at a reported price of $12.93 per share. Following the transaction, Mr. Boston directly beneficially owned 739,720 shares, and held additional indirect interests: 1,500 shares beneficially owned by each of two sons, and 3,095 shares held jointly by his spouse and a son. The filing is a routine insider report documenting RSU tax withholding and current beneficial ownership.
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