Dynex Capital, Inc. Announces Public Offering of Series C Cumulative Redeemable Preferred Stock and Full Redemption of Its Series A Cumulative Redeemable Preferred Stock

GLEN ALLEN, Va.--(BUSINESS WIRE)--Dynex Capital, Inc. (NYSE: DX) (the “Company”) announced today that it intends to make a public offering of shares of an original issuance of Series C Cumulative Redeemable Preferred Stock, liquidation preference $25.00 per share (the “Series C Preferred Stock). The Company intends to grant the underwriters a 30-day option to purchase additional shares of the Series C Preferred Stock. The Company also intends to apply to list the Series C Preferred Stock on the New York Stock Exchange.