Every 8-K that Dynex Capital, Inc. (DX) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow DX and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full DX filings page.
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.
Dynex Capital, Inc. reported solid second quarter 2026 results, generating a total economic return of $0.81 per common share, or 6.4% of beginning book value. Book value per common share rose to $12.90 as of June 30, 2026, up from $12.60 as of March 31. Net income and comprehensive income to common shareholders were both $0.80 per share, while dividends declared were $0.51 per common share.
The company maintained strong liquidity of $1.6 billion in cash and unpledged securities, representing 51% of total equity, and reduced leverage including to‑be‑announced securities to 8.1 times shareholders’ equity from 8.6 times. The total investment portfolio increased 11% to $27.6 billion, driven by $2.8 billion of Agency MBS purchases. Agency RMBS, including TBAs, reached $26.1 billion and Agency CMBS $1.4 billion, with 99.99% of the portfolio in highly liquid Agency securities. Dynex raised $391 million of common equity, representing approximately 30 million shares, through its at‑the‑market program, and reported earnings available for distribution of $0.36 per common share, up from $0.31 in the prior quarter.
Dynex Capital, Inc. appointed Douglas Neal as an independent director to its Board of Directors, effective June 15, 2026, and expanded the Board to seven members. Neal joined both the Audit Committee and Compensation Committee and will stand for shareholder election at the 2027 annual meeting.
He will receive the company’s standard non-employee director compensation on a pro-rated basis and is expected to enter into a customary indemnification agreement. Dynex later issued a press release describing his extensive investment banking, real estate, and public company board experience, emphasizing his familiarity with the mortgage REIT sector.
Dynex Capital, Inc. reported results of its 2026 annual shareholder meeting and related governance actions. Shareholders approved an amendment to the Articles of Incorporation to increase authorized common shares from 360,000,000 to 720,000,000, with 123,760,469 votes for, 14,097,355 against, and 2,795,837 abstentions.
Six directors were elected, each receiving over 76 million votes in favor, and shareholders gave advisory approval to named executive officer compensation. Ernst & Young LLP was ratified as the Company’s independent auditor for the 2026 fiscal year. The Board also approved a form of Indemnification Agreement for directors and executive officers, providing indemnification and expense advancement to the fullest extent permitted under Virginia law.
Dynex Capital, Inc. entered into Amendment No. 9 to its existing common stock distribution agreement on April 28, 2026. The agreement allows shares of common stock to be offered and sold through designated sales agents as "at the market offerings" under Rule 415(a)(4).
Amendment No. 9 updates the definition of agents to add Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC as additional sales agents alongside the existing firms. The company has paid and expects to pay customary fees and commissions for services provided by these sales agents and their affiliates.
Dynex Capital, Inc. disclosed that its Board approved a new share repurchase program authorizing buybacks of up to $300 million of common stock and up to $50 million of preferred stock. The program runs through April 30, 2028 and replaces a prior plan expiring April 30, 2026.
Repurchases may be executed through open market or privately negotiated transactions, including trading plans under Rule 10b5-1. The company is not obligated to repurchase any shares, and the Board may modify, suspend, or terminate the program at any time.
Dynex Capital, Inc. reported a challenging first quarter of 2026, posting a net loss of $83.0 million, or $(0.41) per common share, and a comprehensive loss to common shareholders of $83.2 million. Total economic return was $(0.34) per common share, equal to (2.5)% of beginning book value, as book value per common share fell from $13.45 to $12.60.
The loss was driven mainly by a net loss of about $140 million on the investment portfolio, net of hedges, from widening mortgage spreads, partly offset by net interest income of $79.3 million. Dynex raised $442 million of equity via ATM issuances, expanded investment purchases by $6.0 billion net of sales, and ended the quarter with $1.3 billion of liquidity, or 46% of total equity. Leverage including TBA securities was 8.6 times shareholders’ equity as of March 31, 2026.
Dynex Capital, Inc. appointed Michael Sartori as Chief Financial Officer and principal financial officer, effective immediately. Sartori has been with the company since 2013 and most recently led Capital Markets and Financial Planning and Analysis, advising on capital strategy, growth, and financial performance.
In connection with his promotion, Sartori received equity awards consisting of restricted stock units valued at $350,000, vesting on the third anniversary of grant, and performance stock units valued at $1,200,000, vesting after a three-year performance period, both subject to continued employment and performance conditions. He replaces Robert S. Colligan, who stepped down as CFO by mutual agreement but will remain employed as Special Advisor to the Co‑CEOs through May 1, 2026 to support the transition. The company states that Colligan’s departure is not due to any disagreement regarding financial reporting, accounting, operations, policies, or practices.
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. 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.