secwatch.observer — SEC 8-K summary
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Issuer:     DYNEX CAPITAL INC (DX)
CIK:        0000826675
Form:       8-K
Filed at:   2024-04-22T23:59:59+00:00
Accession:  0000826675-24-000047
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dynex Capital Q1: book value $13.20, economic return $0.28; announces $150M repurchase program
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- Book value per common share $13.20 (down from $13.31 at Dec 31); total economic return $0.28 per share (2.1% of beginning BV).
- Net income $0.65 per share; comprehensive income $0.35 per share; dividends declared $0.39 per common share.
- New share repurchase program: up to $100M common stock and $50M preferred stock, authorized through April 30, 2026.
- Raised $86.8M in equity via ATM issuances; liquidity $577.1M; leverage at 8.1x shareholders' equity.
- Net interest expense of $3.2M driven by high financing costs; hedging gains of $165.5M unrealized offset MBS losses.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/826675/000082667524000047/0000826675-24-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/826675/000082667524000047/dx-20240422.htm
  HTML page:      https://secwatch.observer/filing/0000826675-24-000047

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