secwatch.observer — SEC 8-K summary
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Issuer:     DYNEX CAPITAL INC (DX)
CIK:        0000826675
Form:       8-K
Filed at:   2024-07-22T23:59:59+00:00
Accession:  0000826675-24-000091
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dynex Capital Q2: $0.31 economic loss per share, B/V $12.50, $124.7M equity raised
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- Total economic loss of $(0.31) per common share (2.4% of beginning book value); comprehensive loss of $(0.18) per share.
- Book value per common share fell to $12.50 from $13.20 in Q1; dividends declared of $0.39 per share.
- Raised $124.7M equity via public offering and ATM; purchased $551.1M of higher coupon Agency RMBS.
- Net interest income improved to $1.3M from negative $(3.2M) in Q1; leverage 7.9x equity including TBAs.
- Liquidity $644M as of June 30; management ready to act on wide mortgage spreads.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/826675/000082667524000091/0000826675-24-000091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/826675/000082667524000091/dx-20240722.htm
  HTML page:      https://secwatch.observer/filing/0000826675-24-000091

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