secwatch.observer — SEC 8-K summary
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Issuer:     DYNEX CAPITAL INC (DX)
CIK:        0000826675
Form:       8-K
Filed at:   2026-09-29T20:13:25+00:00
Accession:  0000826675-26-000112
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/826675/000082667526000112/0000826675-26-000112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/826675/000082667526000112/dx-20260929.htm
  HTML page:      https://secwatch.observer/filing/0000826675-26-000112

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