Financing ·
Dynex Capital closes public offering of 4.8 million shares of 9.375% Series D Preferred Stock
DXDynex Capital Inc
Dynex Capital, Inc. closed a public offering of 4,800,000 shares of its 9.375% Series D Fixed-Rate Cumulative Redeemable Preferred Stock on September 29, 2026, with an underwriter option for up to 720,000 additional shares. The company filed Articles of Amendment effective that date to designate these shares, which carry a $25.00 liquidation preference and pay quarterly dividends at a fixed annual rate of 9.375%, equivalent to $2.34375 per share. Dividends commence January 15, 2027, for holders of record on the applicable date. The Series D stock ranks senior to common equity but junior to indebtedness and parity with existing Series C preferred shares. Dynex Capital operates in the real estate investment trust sector, specifically focusing on mortgage-related investments.