DYNEX CAPITAL INC — fact timeline

Douglas Neal was appointed as Director at DYNEX CAPITAL INC.

“On June 15, 2026, the Board of Directors (the “Board”) of Dynex Capital, Inc. (the “Company”) appointed Douglas Neal as an independent director of the Company, effective immediately.”

DYNEX CAPITAL INC shareholders approved Approval of amendment to increase authorized shares of common stock from 360,000,000 to 720,000,000.

“For Against Abstentions 123,760,469 14,097,355 2,795,837”

DYNEX CAPITAL INC shareholders approved Ratification of Ernst & Young LLP as auditors.

“For Against Abstentions 137,254,062 1,538,972 1,860,626”

DYNEX CAPITAL INC shareholders approved Advisory vote to approve executive compensation.

“For Against Abstentions Broker Non-Votes 72,897,804 3,839,581 2,079,571 61,836,704”

DYNEX CAPITAL INC shareholders approved Election of six directors.

“Byron L. Boston 76,521,638 1,352,641 942,677 61,836,704”

DYNEX CAPITAL INC: Amendment to increase authorized shares of common stock from 360,000,000 to 720,000,000 (effective 2026-05-22).

“At the 2026 Annual Meeting, the Company’s shareholders approved an amendment to Article III of the Company’s Articles of Incorporation (the “Charter Amendment”), to increase the number of authorized shares of the Company’s common stock from 360,000,000 to 720,000,000.”

DYNEX CAPITAL INC amended Amendment No. 9 with BTIG, LLC, Citizens JMP Securities, LLC, Goldman Sachs & Co. LLC, JonesTrading Institutional Services LLC, J.P. Morgan Securities LLC, Keefe, Bruyette & Woods, Inc., Morgan Stanley & Co. LLC, RBC Capital Markets, LLC, UBS Securities LLC, and Wells Fargo Securities, LLC (effective 2026-04-28).

“On April 28, 2026, Dynex Capital, Inc. (the “Company”), entered into amendment no. 9 (“Amendment No. 9”) to the distribution agreement, dated June 29, 2018, as amended on May 31, 2019, August 3, 2021, June 3, 2022, February 10, 2023, October 29, 2024, May 1, 2025, July 29, 2025, and January 27, 2026 (the “Agreement” and, as amended by Amendment No. 9, the “Amended Agreement”), by and among the Company, on the one hand, and BTIG, LLC, Citizens JMP Securities, LLC, Goldman Sachs & Co. LLC (“Goldman Sachs”), JonesTrading Institutional Services LLC, J.P. Morgan Securities LLC, Keefe, Bruyette & Woods, Inc., Morgan Stanley & Co. LLC (“Morgan Stanley”), RBC Capital Markets, LLC, UBS Securities LLC, and Wells Fargo Securities, LLC (collectively the “Sales Agents” and each individually a “Sales Agent”), on the other hand, pursuant to which shares of the Company’s common stock, par value $0.01 per share (“Common Stock”), may be offered and sold through the Sales Agents in transactions that are”

DYNEX CAPITAL INC reported the quarter ended March 31, 2026 results: EPS $(0.41) per common share.

“On April 20, 2026, Dynex Capital, Inc. (the "Company") issued a press release announcing its financial results as of and for the quarter ended March 31, 2026. The text of the aforementioned press release is included as Exhibit 99.1 to this Form 8-K and is also available on the Company's website (www.dynexcapital.com under “Investors/News & Market Information”). The press release included the following financial information: • Total economic return of $(0.34) per common share, or (2.5)% of beginning book value • Book value per common share of $12.60 as of March 31, 2026 • Comprehensive loss of $(0.42) per common share and net loss of $(0.41) per common share • Dividends declared of $0.51 per common share • Raised equity capital of $442 million through at-the-market ("ATM") common stock issuances • Investment purchases of $6.0 billion, net of sales, during the quarter • Liquidity of $1.3 billion, or 46% of total equity, as of March 31, 2026 • Leverage including to-be-announced ("TBA") se”

DYNEX CAPITAL INC: Amended Article III of Articles of Incorporation to increase authorized common shares from 180,000,000 to 360,000,000 (effective 2025-05-21).

“the full text of the Second Articles of Amendment to the Restated Articles of Incorporation, which is filed as Exhibit 3.1 to this Current Report on Form 8-K, and is incorporated by reference herein. Item 5.07 Submission of Matters to a Vote of Security Holders. At the 2025 Annual Meeting, five proposals were submitted to the Company’s shareholders, including the proposals to approve the 2025 Plan and Charter Amendment. The proposals are described in detail in the 2025 Proxy Statement. A quorum of the Company’s common shares was present for the 2025 Annual Meeting, and the final results for the votes regarding the proposals are set forth below. Proposal 1 - Shareholders elected seven directors of the Company to hold office until the next annual meeting and until their successors have been elected and duly qualified. The name of each director elected and the votes cast for such individuals are set forth below: Name For Against Abstentions Broker Non-Votes Byron L. Boston 38,149,516 8”

DYNEX CAPITAL INC engaged Ernst & Young LLP as its auditor.

“Appointment of Independent Registered Public Accounting Firm Following an extensive evaluation process, on December 18, 2024, the Audit Committee approved, and the Board ratified, the engagement of Ernst & Young LLP (“ EY ”) as the Company’s independent registered public accounting firm for the Company’s fiscal year ending December 31, 2025, subject to completion of EY’s standard client acceptance procedures and execution of an engagement letter.”

DYNEX CAPITAL INC dismissed BDO USA, P.C. as its auditor.

“☐ Item 4.01 Changes in Registrant’s Certifying Accountant Dismissal of Independent Registered Public Accounting Firm On December 18, 2024, the Audit Committee (“ Audit Committee ”) of the Board of Directors (“ Board ”) of Dynex Capital, Inc. (the “ Company ”) dismissed BDO USA, P.C. (“ BDO ”) as the Company’s independent registered public accounting firm, effective upon completion by BDO of its audit of the Company’s consolidated financial statements for the fiscal year ending December 31, 2024 and the filing of the Company’s 2024 Annual Report on Form 10-K.”

Byron L. Boston changed role as Co-Chief Executive Officer and Chairman of the Board at DYNEX CAPITAL INC.

“Mr. Boston’s new title is Co-Chief Executive Officer and Chairman of the Board.”

Robert S. Colligan was appointed as Chief Operating Officer at DYNEX CAPITAL INC.

“Also on July 18, 2024, the Board appointed Robert S. Colligan, the Company’s current Executive Vice President, Chief Financial Officer and Secretary, as the Company’s Chief Operating Officer, effective as of July 22, 2024.”

Smriti L. Popenoe was appointed as Co-Chief Executive Officer at DYNEX CAPITAL INC.

“On July 18, 2024, the board of directors (the “ Board ”) of Dynex Capital, Inc. (the “ Company ”) appointed Smriti L. Popenoe, the Company’s current President and Chief Investment Officer, as the Company’s Co-Chief Executive Officer and co-principal executive officer, effective as of July 22, 2024, to serve alongside Byron L. Boston, the Company’s current Chairman of the Board and Chief Executive Officer.”

Marie Chandoha was appointed as Independent Director at DYNEX CAPITAL INC.

“appointed Marie Chandoha as an independent director of the Company, effective June 1, 2024.”

DYNEX CAPITAL INC reported financial results for the quarter ended March 31, 2024.

“On April 22, 2024, Dynex Capital, Inc. (the "Company") issued a press release, which is available on its website ( www.dynexcapital.com under “Investor Center/News & Market Information”), reporting its financial condition and financial results as of and for the quarter ended March 31, 2024.”

Robert Salcetti resigned as Director at DYNEX CAPITAL INC.

“On March 11, 2024, the Board accepted the resignation of Board members Michael Hughes and Robert Salcetti, effective as of March 11, 2024.”

Michael Hughes resigned as Director at DYNEX CAPITAL INC.

“On March 11, 2024, the Board accepted the resignation of Board members Michael Hughes and Robert Salcetti, effective as of March 11, 2024.”

Alexander Crawford was appointed as Director at DYNEX CAPITAL INC.

“On March 6, 2024, the Board of Directors (the “Board”) of Dynex Capital, Inc. (the “Company”) appointed Andrew Gray and Alexander Crawford as directors of the Company, effective as of March 6, 2024.”

Andrew Gray was appointed as Director at DYNEX CAPITAL INC.

“On March 6, 2024, the Board of Directors (the “Board”) of Dynex Capital, Inc. (the “Company”) appointed Andrew Gray and Alexander Crawford as directors of the Company, effective as of March 6, 2024.”

DYNEX CAPITAL INC reported the full year ended December 31, 2023 results: EPS $(0.25) per common share.

“comprehensive income of $0.16 per common share and net loss of $(0.25) per common share for the full year 2023”

DYNEX CAPITAL INC reported the quarter ended December 31, 2023 results: EPS $0.39 per common share.

“Comprehensive income of $1.44 per common share and net income of $0.39 per common share for the fourth quarter of 2023”

DYNEX CAPITAL INC reported financial results for the quarter ended September 30, 2023.

“On October 23, 2023, Dynex Capital, Inc. (the "Company") issued a press release, which is available on its website ( www.dynexcapital.com under “Investor Center/News & Market Information”), reporting its financial condition and financial results as of and for the quarter ended September 30, 2023.”

DYNEX CAPITAL INC reported the quarter ended September 30, 2023 results: net income net loss of $(0.82) per common share.

“On October 23, 2023, Dynex Capital, Inc. (the "Company") issued a press release, which is available on its website ( www.dynexcapital.com under “Investor Center/News & Market Information”), reporting its financial condition and financial results as of and for the quarter ended September 30, 2023.”

Smriti L. Popenoe was appointed as director at DYNEX CAPITAL INC.

“On September 8, 2023, the Board of Directors (the “Board”) of Dynex Capital, Inc. (the “Company”) appointed Smriti L. Popenoe as a director of the Company.”

DYNEX CAPITAL INC reported second quarter 2023 results: revenue $ 42,212, net income $ 52,414, EPS $ 0.97.

“Statements of Income (Loss) (unaudited) Six Months Ended Three Months Ended ($s in thousands except per share data) June 30, 2023 March 31, 2023 June 30, 2023 Interest income $ 42,212 $ 30,846 $ 73,058 Interest expense (45,142) (31,308) (76,450) Net interest expense (2,930) (462) (3,392) Realized loss on sales of investments, net (51,601) (23,315) (74,916)”

DYNEX CAPITAL INC shareholders approved Amend Articles of Incorporation to increase authorized common shares at the 2023-05-18 meeting.

“Proposal 5 – Shareholders approved an amendment to the Company’s Articles of Incorporation to increase the number of shares of common stock authorized.”

DYNEX CAPITAL INC shareholders approved Ratify BDO USA, LLP as auditors at the 2023-05-18 meeting.

“Proposal 4 – Shareholders approved a proposal to ratify the Company’s selection of BDO USA, LLP, independent certified public accountants, as auditors for the Company for the 2023 fiscal year.”

DYNEX CAPITAL INC shareholders approved Advisory vote on frequency of say-on-pay at the 2023-05-18 meeting.

“Proposal 3 - Shareholders approved, in an advisory and non-binding vote, the frequency of future advisory votes on the compensation of the Company’s named executive officers.”

DYNEX CAPITAL INC shareholders approved Advisory vote on executive compensation at the 2023-05-18 meeting.

“Proposal 2 - Shareholders approved, in an advisory and non-binding vote, the compensation of the Company’s named executive officers as disclosed in the 2023 Proxy Statement.”

DYNEX CAPITAL INC shareholders approved Elect six directors at the 2023-05-18 meeting.

“Proposal 1 - Shareholders elected six directors of the Company to hold office until the next annual meeting and until their successors have been elected and duly qualified.”

DYNEX CAPITAL INC reported the quarter ended March 31, 2023 results: EPS $(0.81) per common share.

“e of $13.80 as of March 31, 2023 • Dividends declared of $0.39 per common share for the first quarter of 2023 • Total economic loss of $(0.54) per common share, or (3.7)% of beginning book value • Comprehensive loss of $(0.54) per common share and net loss of $(0.81) per common share • Liquidity in excess of $554 million in cash and unencumbered assets • Leverage including to-be-announced ("TBA") securities at cost was 7.8 times shareholders' equity Management Remarks “Our portfolio decisions are a testament to our unwavering commitment to financial prudence and strategic planning, enabling us to confidently navigate through the current market," said Byron L.”

DYNEX CAPITAL INC amended Amendment No. 4 with J.P. Morgan Securities LLC, JMP Securities LLC, JonesTrading Institutional Services LLC and BTIG, LLC (effective 2023-02-10).

“On February 10, 2023, Dynex Capital, Inc. (the “ Company ”), entered into amendment no. 4 (“ Amendment No. 4 ”) to the distribution agreement, dated June 29, 2018, as amended (the “ Agreement ” and as amended by Amendment No. 4, the “ Amended Agreement ”) by and among the Company, J.P. Morgan Securities LLC, JMP Securities LLC, JonesTrading Institutional Services LLC and BTIG, LLC.”

DYNEX CAPITAL INC amended Amendment No. 4 with J.P. Morgan Securities LLC, JMP Securities LLC, JonesTrading Institutional Services LLC and BTIG, LLC valued at 13,000,000 shares (effective 2023-02-10).

“On February 10, 2023, Dynex Capital, Inc. (the “ Company ”), entered into amendment no. 4 (“ Amendment No. 4 ”) to the distribution agreement, dated June 29, 2018, as amended (the “ Agreement ” and as amended by Amendment No. 4, the “ Amended Agreement ”) by and among the Company, J.P. Morgan Securities LLC, JMP Securities LLC, JonesTrading Institutional Services LLC and BTIG, LLC”

DYNEX CAPITAL INC reported financial results for the quarter and year ended December 31, 2022.

“On January 30, 2023, Dynex Capital, Inc. (the "Company") issued a press release, which is available on its website ( www.dynexcapital.com under “Investor Center/News & Market Information”), reporting its financial condition and financial results as of and for the quarter and year ended December 31, 2022.”

Stephen J. Benedetti departed as Executive Vice President, Chief Financial Officer, Chief Operating Officer, Secretary, and principal financial officer at DYNEX CAPITAL INC.

“Stephen J. Benedetti, the Company’s Executive Vice President, Chief Financial Officer, Chief Operating Officer, Secretary, and principal financial officer will step down from his officer positions with the Company, effective as of the close of business on August 5, 2022.”

Robert S. Colligan was appointed as Executive Vice President, Chief Financial Officer, and Secretary at DYNEX CAPITAL INC.

“the Board of Directors (the " Board ") of Dynex Capital, Inc. (the “ Company ”) approved the appointment of Robert S. Colligan as the Company’s Executive Vice President, Chief Financial Officer, and Secretary, effective as of the close of business on August 5, 2022.”