---
schema_version: "secwatch.filing_event.v1"
accession: "0000826675-26-000112"
form_type: "8-K"
ticker: "DX"
cik: "0000826675"
company_name: "DYNEX CAPITAL INC"
filed_at: "2026-09-29T20:13:25+00:00"
generated_at: "2026-10-12T13:49:29.521416+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Dynex Capital closes offering of 4,800,000 9.375% Series D preferred shares

## Summary
- Dynex Capital closed its underwritten public offering of 4,800,000 shares of 9.375% Series D preferred stock at a $25.00 liquidation preference.
- The underwriting agreement included a 30-day option for up to 720,000 additional Series D shares; Articles of Amendment effective Sept. 29, 2026 designated 5,520,000 Series D shares.
- Series D pays cumulative quarterly dividends at 9.375% of $25.00, or $2.34375 per share annually, with the first payment due Jan. 15, 2027.
- Series D ranks pari passu with 6.900% Series C preferred and senior to common; 4,460,000 Series C shares were outstanding.
- Series D is not redeemable before Oct. 15, 2031, except for Change of Control or REIT/REMIC tax preservation; then redeemable at $25.00 plus accrued dividends.

## SEC filing metadata
- accession: 0000826675-26-000112
- form_type: 8-K
- ticker: DX
- cik: 0000826675
- company_name: DYNEX CAPITAL INC
- filed_at: 2026-09-29T20:13:25+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.03, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/826675/000082667526000112/0000826675-26-000112-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/826675/000082667526000112/dx-20260929.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000826675-26-000112
- JSON: https://secwatch.observer/filing/0000826675-26-000112.json
- Plain text: https://secwatch.observer/filing/0000826675-26-000112.txt

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