Dynex Capital increases ATM equity offering capacity by 13M shares to 36.1M shares

DYNEX CAPITAL INC

Amendment No. 4 raises shares available for sale under distribution agreement from 23,117,622 to 36,117,622.
The 13,000,000-share increase represents a ~56% boost to prior ATM capacity.
Agreement is with J.P. Morgan, JMP Securities, JonesTrading, and BTIG, dated February 10, 2023.
No immediate sale of shares; the amended ATM program provides future capital-raising flexibility.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

DYNEX CAPITAL INC amended Amendment No. 4 with J.P. Morgan Securities LLC, JMP Securities LLC, JonesTrading Institutional Services LLC and BTIG, LLC valued at 13,000,000 shares (effective 2023-02-10).

Action: amendment
Agreement: atm program
Counterparty: J.P. Morgan Securities LLC, JMP Securities LLC, JonesTrading Institutional Services LLC and BTIG, LLC
Value: 13,000,000 shares
Effective: 2023-02-10

Exact text from the filing

On February 10, 2023, Dynex Capital, Inc. (the “ Company ”), entered into amendment no. 4 (“ Amendment No. 4 ”) to the distribution agreement, dated June 29, 2018, as amended (the “ Agreement ” and as amended by Amendment No. 4, the “ Amended Agreement ”) by and among the Company, J.P. Morgan Securities LLC, JMP Securities LLC, JonesTrading Institutional Services LLC and BTIG, LLC

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Source: SEC EDGAR

accession 0000826675-23-000010

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