Dynex Capital, Inc. Announces Pricing of Public Offering of Series D Fixed-Rate Cumulative Redeemable Preferred Stock

Dynex Capital, Inc. Announces Pricing of Public Offering of Series D Fixed-Rate Cumulative Redeemable Preferred Stock

Dynex Capital, Inc. (NYSE: DX) (the “Company”) announced today that it has priced a public offering of 4,800,000 shares of 9.375% Series D Fixed-Rate Cumulative Redeemable Preferred Stock (the “Series D Preferred Stock”), liquidation preference $25.00 per share, for total expected gross proceeds of $120 million before underwriting discounts and commissions and offering expenses. The Company has granted the underwriters in the offering a 30-day option to purchase up to an additional 720,000 shares of the Series D Preferred Stock. The offering is subject to customary closing conditions and is expected to close on September 29, 2026. The Company intends to apply to list the Series D Preferred Stock on the New York Stock Exchange under the symbol “DXPRD”.