other material
confidence high
sentiment positive
materiality 0.60
Dynex Capital authorizes up to $300M common stock buyback and $50M preferred stock repurchase program through April 2028
DYNEX CAPITAL INC
- Board approved $300M common stock repurchase program through April 30, 2028, replacing prior program.
- Also authorized up to $50M for preferred stock repurchases, covering Series C fixed-to-floating rate preferred.
- Repurchases may occur via open market, private negotiations, or 10b5-1 plans; program is discretionary and can be modified or suspended.
- Program replaces prior authorization set to expire April 30, 2026.