Dynex Capital (NYSE: DX) sets ATM share capacity at 301,292,973
Rhea-AI Filing Summary
Dynex Capital, Inc. amended its equity distribution agreement to make 99,326,438 shares of common stock available for issuance in transactions deemed to be at-the-market offerings through a syndicate of sales agents.
Amendment No. 10, dated July 28, 2026, increases the program’s capacity by 80,000,000 shares to a total of 301,292,973 shares, with future sales to be conducted under the company’s Registration Statement on Form S-3 and a prospectus supplement dated July 28, 2026.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 1.01, 9.01
2 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Remaining ATM capacity: 99,326,438 shares of Common Stock
ATM program capacity increase: 80,000,000 shares of Common Stock
Total shares under distribution agreement: 301,292,973 shares of Common Stock
+1 more
4 metrics
Remaining ATM capacity
99,326,438 shares of Common Stock
Shares of common stock remaining available for issuance under the amended distribution agreement
ATM program capacity increase
80,000,000 shares of Common Stock
Incremental increase in shares available for sale added by Amendment No. 10
Total shares under distribution agreement
301,292,973 shares of Common Stock
Aggregate number of shares that may be offered under the amended equity distribution agreement
Series C preferred dividend rate
6.900%
Coupon on 6.900% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Key Terms
at the market offerings, Registration Statement on Form S-3, prospectus supplement, Material Definitive Agreement, +1 more
5 terms
at the market offerings financial
"shares of the Company’s common stock may be offered and sold through the Sales Agents in transactions that are deemed to be “at the market offerings”"
At-the-market offerings are a way for a company to raise cash by selling newly issued shares directly into the open market at the current trading price through a broker, rather than in a single large sale. Think of it like topping up a gas tank a little at a time at whatever the pump price is; it gives the company flexibility to raise money when conditions are favorable but can increase the number of shares outstanding and dilute existing investors, and frequent or large sales can put downward pressure on the stock price.
Registration Statement on Form S-3 regulatory
"The Shares will be issued pursuant to the Company’s Registration Statement on Form S-3 (File No. 333-289004)."
A registration statement on Form S‑3 is a short, standardized filing a qualified public company uses to register new securities with regulators so they can be sold to investors; think of it as a pre-approved, reusable permission slip that speeds up future offerings. It matters to investors because it lets the company raise money more quickly and cheaply — which can fund growth or pay debt — but may also lead to share dilution or change in ownership, so it affects value and liquidity.
prospectus supplement regulatory
"The Company filed a prospectus supplement, dated July 28, 2026 to the prospectus, dated July 28, 2025"
A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.
Material Definitive Agreement regulatory
"Item 1.01 Entry into a Material Definitive Agreement."
A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.
cumulative redeemable preferred stock financial
"6.900% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, par value $0.01 per share"
Cumulative redeemable preferred stock is a type of investment that gives shareholders priority over common stockholders to receive dividends and get their money back if the company is sold or closes. If the company misses dividend payments, it must pay them later before any dividends can go to other shareholders. This makes it a more secure and flexible option for investors seeking steady income with some ability to redeem their shares in the future.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What agreement did Dynex Capital (DX) amend on July 28, 2026?
On July 28, 2026, Dynex Capital entered into Amendment No. 10 to its June 29, 2018 distribution agreement. This Material Definitive Agreement governs at-the-market offerings of the company’s common stock through multiple investment bank sales agents.
Which sales agents participate in Dynex Capital’s (DX) amended at-the-market program?
The amended agreement includes BTIG, Citizens JMP Securities, Goldman Sachs, JonesTrading, J.P. Morgan, Keefe, Bruyette & Woods, Morgan Stanley, RBC Capital Markets, UBS Securities, and Wells Fargo Securities as sales agents, who may execute at-the-market transactions for Dynex Capital’s common stock.