other material
confidence high
sentiment positive
materiality 0.50
Dynex Capital authorizes new $60M common and $30M preferred stock buyback program
DYNEX CAPITAL INC
- Board authorized repurchase up to $60M of common stock and $30M of 6.900% Series C preferred stock.
- Program replaces prior buyback that expired March 31, 2022; authorized through March 31, 2024.
- Repurchases may be executed via open market, private transactions, or Rule 10b5-1 trading plans.
- No obligation to buy; timing and amount depend on market conditions and management discretion.