secwatch.observer — SEC 8-K summary
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Issuer:     DYNEX CAPITAL INC (DX)
CIK:        0000826675
Form:       8-K
Filed at:   2026-09-25T20:15:59+00:00
Accession:  0000826675-26-000104
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/826675/000082667526000104/0000826675-26-000104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/826675/000082667526000104/dx-20260922.htm
  HTML page:      https://secwatch.observer/filing/0000826675-26-000104

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