Dynex Capital Files New Universal Shelf Registration Statement for Potential Issuance of $500M of Securities

Dynex Capital, Inc. DX noted that it has filed a new universal shelf registration statement on Form S-3 to replace its existing universal shelf which expired earlier this month. When it is declared effective, the shelf will provide for the potential issuance of up to $500 million of new securities, including common stock, over the next three years. The shelf registration provides the Company with the strategic flexibility to access the capital markets over the next three years should it be beneficial to the Company and its shareholders. The Company has no current plans to access the shelf at this time. In addition, the Company noted that it has initiated a new dividend reinvestment and share purchase plan under a new Form S-3 registration statement. The dividend reinvestment and share purchase plan provides the opportunity for investors to reinvest their quarterly dividends and for investors and prospective investors to purchase shares of the Company's common stock, potentially at a discount to the prevailing market price.