Financing ·
Dynex Capital raises $120M selling 4.8M shares of Series D preferred stock at $25 per share
DX-PCDynex Capital Inc
Dynex Capital, Inc. entered into an underwriting agreement to issue and sell 4,800,000 shares of 9.375% Series D Fixed-Rate Cumulative Redeemable Preferred Stock at a liquidation preference of $25.00 per share, generating gross proceeds of approximately $120 million. The company granted underwriters a 30-day option to purchase an additional 720,000 shares. Net proceeds are expected to be approximately $116,220,000 after deducting the underwriting discount, with closing anticipated on September 29, 2026. Dynex Capital is a real estate investment trust that invests in mortgage assets backed by U.S. residential and commercial real estate.