Dynex Capital, Inc. Announces Redemption of All Outstanding Shares of 7.625% Series B Cumulative Redeemable Preferred Stock

GLEN ALLEN, Va.--(BUSINESS WIRE)--Dynex Capital, Inc. (NYSE: DX) (the “Company”) announced today that it intends to redeem all, approximately 2.8 million shares, of its outstanding Series B Cumulative Redeemable Preferred Stock (NYSE: DXPRB) (the “Series B Preferred Stock”) on February 15, 2021. The Series B Preferred Stock will be redeemed for $25 per share, plus $0.1535590 per share in accumulated and unpaid dividends, for an aggregate redemption price of $25.1535590 per share.