Dynex Capital, Inc. filings document the regulatory record of an internally managed mortgage REIT, including operating results, capital markets activity, governance matters, and securities outstanding. Form 8-K filings furnish quarterly and annual financial results, book value, total economic return, dividends, liquidity, leverage, investment purchases, and portfolio financing disclosures tied to mortgage-backed securities and repurchase agreements.
The company’s filings also cover amendments to at-the-market common stock distribution agreements, prospectus supplements under shelf registration statements, share repurchase authorizations, and disclosures for common stock and Series C preferred stock. Proxy materials describe annual meeting voting matters, board oversight, executive compensation, shareholder proposals, and governance practices, while officer and director event filings record finance leadership and board composition changes.
Dynex Capital, Inc. (DX) Co-CEO & Chairman of the Board Byron L. Boston purchased 9,180 shares of common stock on October 20, 2026, at a weighted-average price of $10.89 per share. The shares were purchased in multiple transactions at prices ranging from $10.87 to $10.92, inclusive. His direct holdings after the purchase were 892,747 shares, including unvested restricted stock units. Indirect holdings listed were 3,095 shares held jointly by his spouse and son, plus 1,500 shares held by each of his two sons. No Rule 10b5-1 plan is reported.
Dynex Capital Inc. Co-CEO and President Smriti Laxman Popenoe purchased 10,000 common shares at $10.62 per share and 2,000 shares of 9.375% Series D Fixed-Rate Cumulative Redeemable Preferred Stock at $25.18 per share on October 20, 2026. After the purchases, she reported directly holding 541,098 common shares, including unvested restricted stock units, and 2,000 preferred shares. The reported indirect common-share holdings include 4,780 shares held by her spouse and 325 held by her son. No Rule 10b5-1 plan is reported.
Dynex Capital Inc. Chief Financial Officer Michael Andrew Sartori purchased 1,000 shares of common stock on October 20, 2026, at $10.70 per share. The purchase was reported as direct, and no Rule 10b5-1 plan is reported. His reported direct holdings after the transaction were 36,579 shares, including unvested restricted stock and restricted stock units.
Dynex Capital, Inc. reported a third-quarter 2026 total economic return of $(1.48) per common share, or (11.5)% of beginning book value. Book value per common share was $10.91 as of September 30, 2026, down $(1.99) from $12.90 as of June 30, 2026. Net loss per common share was $(1.34), and comprehensive loss to common shareholders was $(374.834) million. Wider Agency MBS spreads reduced investment fair values; gains on interest-rate hedges partly offset the losses.
The investment portfolio grew 3% to $28.3 billion from $27.6 billion as of June 30, following $3.2 billion of MBS purchases. Dynex raised $384 million net of commissions, including $268 million through its ATM program and $116 million from issuing Series D preferred stock. Liquidity was $1.3 billion of cash and unpledged securities, representing 42% of total equity. Leverage including TBA securities at cost was 9.0 times shareholders’ equity, compared with 8.1 times.
Net interest income increased to $101.562 million from $93.783 million, while operating expenses decreased by $4 million quarter over quarter. Dynex declared a $0.51 dividend per common share.
Dynex Capital, Inc. (DX) closed its offering of 4,800,000 shares of 9.375% Series D Fixed-Rate Cumulative Redeemable Preferred Stock on September 29, 2026. The underwriters also received a 30-day option to purchase up to 720,000 additional shares on the same terms. Dynex designated 5,520,000 authorized but unissued preferred shares as Series D.
Series D has a $25.00 per-share liquidation preference and cumulative dividends at 9.375% annually, equivalent to $2.34375 per share per year. Dividends are payable quarterly in arrears, when and as declared from legally available funds, beginning January 15, 2027. Series D ranks senior to common stock, on parity with Series C preferred, and junior to company indebtedness. It is not redeemable before October 15, 2031, except in specified circumstances; afterward, Dynex may redeem at $25.00 per share plus accumulated and unpaid dividends. The shares have no stated maturity or mandatory redemption.
Dynex Capital Inc. (DX) Chief Investment Officer Terrence John Connelly Jr. purchased 2,500 shares of common stock at $11.18 per share on September 25, 2026. The transaction is described as a purchase in the open market or private transaction. He directly held 58,695 shares after the purchase. No Rule 10b5-1 plan is reported.
Dynex Capital, Inc. (DX) priced an underwritten public offering of 4,800,000 shares of 9.375% Series D Fixed-Rate Cumulative Redeemable Preferred Stock, with a $25.00 per-share liquidation preference. The underwriters received a 30-day option to purchase up to 720,000 additional shares. Expected gross proceeds are $120 million before underwriting discounts, commissions and offering expenses. Expected net proceeds are approximately $116,220,000 after the underwriting discount and before estimated expenses, assuming no exercise of the option.
The offering is expected to close on or about September 29, 2026, subject to customary closing conditions. Dynex intends to use net proceeds to finance the acquisition of Agency and other investment securities and for general corporate purposes. It also intends to apply to list the Series D shares on the New York Stock Exchange under the symbol DXPRD.
Dynex Capital, Inc. is offering 4,800,000 shares of 9.375% Series D Fixed-Rate Cumulative Redeemable Preferred Stock at a public offering price of $25.00 per share. The underwriters may purchase up to an additional 720,000 shares within 30 days. Estimated net proceeds are $115.92 million, or $133.353 million if the option is exercised in full. Dynex plans to use the proceeds to acquire Agency and other investment securities and for general corporate purposes, including repayment of maturing obligations, capital expenditures and working capital.
The preferred stock carries cumulative dividends at 9.375% annually ($2.34375 per share) when, as and if declared and legally available; the first payment is scheduled for January 15, 2027, at $0.69010 per share. It has no stated maturity and is not redeemable before October 15, 2031, except for REIT or REMIC tax circumstances or, at Dynex’s option, within 120 days after a change of control. On or after October 15, 2031, Dynex may redeem shares for $25.00 per share plus accumulated unpaid dividends. The stock ranks senior to common stock, on parity with Series C preferred stock, and junior to indebtedness. Dynex reported approximately $23.2 billion of consolidated liabilities as of June 30, 2026, most of which consisted of master repurchase agreement borrowings.
Dynex Capital, Inc. (DX), a mortgage-focused REIT, is conducting a primary offering of a new % Series D Fixed-Rate Cumulative Redeemable Preferred Stock with a $25.00 per share liquidation preference. The shares pay cumulative cash dividends at a fixed annual rate (to be set) on the $25.00 preference, payable quarterly starting January 15, 2027, with a long first dividend period.
The Series D Preferred Stock has no maturity, is not redeemable before October 15, 2031 except for REIT/REMIC tax protection, and is redeemable thereafter at $25.00 plus accrued dividends. Upon a qualifying Change of Control, Dynex may redeem the shares or, if it does not, holders may convert into common stock subject to a Share Cap and ownership limits designed to preserve REIT and REMIC tax status, including a general 9.8% ownership cap on capital stock. The Series D ranks senior to common stock, on parity with the existing 6.900% Series C preferred, and junior to all debt, including approximately $23.2 billion of consolidated liabilities as of June 30, 2026. Dynex intends to list the Series D on the NYSE as “DXPRD” and use net proceeds to acquire Agency and other investment securities and for general corporate purposes, including refinancing obligations, capital expenditures and working capital.
DYNEX CAPITAL INC (DX) insider Byron L. Boston, Co-CEO and Chairman, reported a code F transaction on September 8, 2026, in which 15,667 shares of common stock were withheld at $12.89 per share to satisfy tax withholding obligations upon the vesting of restricted stock units. Following this tax-withholding disposition, he held 883,567 shares directly, which the disclosure states includes unvested restricted stock units, plus additional indirect holdings through family members. No Rule 10b5-1 trading plan is reported.