---
schema_version: "secwatch.filing_event.v1"
accession: "0000826675-26-000104"
form_type: "8-K"
ticker: "DX"
cik: "0000826675"
company_name: "DYNEX CAPITAL INC"
filed_at: "2026-09-25T20:15:59+00:00"
generated_at: "2026-10-12T13:23:28.591437+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Dynex Capital prices $120 million offering of 4.8 million 9.375% Series D preferred shares

## Summary
- Dynex Capital priced a public offering of 4,800,000 shares of 9.375% Series D Fixed-Rate Cumulative Redeemable Preferred Stock at $25.00 liquidation preference.
- Expected gross proceeds are $120 million; net proceeds are approximately $116,220,000 after underwriting discount and before estimated expenses, assuming no over-allotment exercise.
- Underwriters received a 30-day option to purchase up to 720,000 additional Series D preferred shares; the offering is expected to close on or about September 29, 2026.
- Underwriting Agreement dated Sept. 22, 2026, with Morgan Stanley, J.P. Morgan, RBC, UBS, Wells Fargo, Citigroup, Goldman Sachs and KBW as representatives.
- Dynex intends to list the Series D preferred on NYSE as DXPRD and use net proceeds to finance acquisitions of Agency and other investment securities and general corporate purposes.

## SEC filing metadata
- accession: 0000826675-26-000104
- form_type: 8-K
- ticker: DX
- cik: 0000826675
- company_name: DYNEX CAPITAL INC
- filed_at: 2026-09-25T20:15:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/826675/000082667526000104/0000826675-26-000104-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/826675/000082667526000104/dx-20260922.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000826675-26-000104
- JSON: https://secwatch.observer/filing/0000826675-26-000104.json
- Plain text: https://secwatch.observer/filing/0000826675-26-000104.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.