Dynex Capital Files 8-K on Financials and Operations

TL;DR

Dynex Capital dropped an 8-K detailing their financials and operations. Check it out.

AI Summary

Dynex Capital, Inc. filed an 8-K on April 22, 2024, reporting on its results of operations and financial condition. The filing also includes other events and financial statements and exhibits. Dynex Capital, Inc. is a real estate investment trust incorporated in Virginia.

Why It Matters

This 8-K filing provides investors with crucial updates on Dynex Capital's financial performance and operational events, impacting their investment decisions.

Risk Assessment

Risk Level: low — This filing is a standard 8-K reporting routine financial and operational information, not indicating any immediate or unusual risks.

Key Players & Entities

• DYNEX CAPITAL, INC. (company) — Registrant
• Virginia (location) — State of incorporation
• April 22, 2024 (date) — Date of report

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share DX New York Stock Exchange
• $100 million — gram") authorizing the repurchase up to $100 million of its common stock, $0.01 par value pe
• $50 million — r share (the "Common Stock"), and up to $50 million of its 6.900% Series C Fixed-to-Floatin
• $25.00 — ed Stock, $0.01 par value per share and $25.00 liquidation preference per share (the "

Filing Documents

• dx-20240422.htm (8-K) — 33KB
• a1q24earningsrelease.htm (EX-99.1) — 281KB
• image_0.jpg (GRAPHIC) — 17KB
• 0000826675-24-000047.txt ( ) — 532KB
• dx-20240422.xsd (EX-101.SCH) — 2KB
• dx-20240422_def.xml (EX-101.DEF) — 17KB
• dx-20240422_lab.xml (EX-101.LAB) — 29KB
• dx-20240422_pre.xml (EX-101.PRE) — 17KB
• dx-20240422_htm.xml (XML) — 4KB

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. 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. A copy of the press release is being filed as Exhibit 99.1 to this report and is incorporated by reference into this Item 2.02. Each of the Exhibits provided with this Form 8-K shall be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

01 Other Events

Item 8.01 Other Events. On April 18, 2024, the Board of Directors (the "Board") of the Company authorized a new share repurchase program (the "Program") authorizing the repurchase up to $100 million of its common stock, $0.01 par value per share (the "Common Stock"), and up to $50 million of its 6.900% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, $0.01 par value per share and $25.00 liquidation preference per share (the "Preferred Stock"), through open market transactions, privately negotiated transactions, trading plans adopted in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), block transactions or otherwise. The Program permits the Company to repurchase shares of Common Stock or Preferred Stock at any time or from time-to-time at management's discretion. The actual means and timing of any shares purchased under the Program will depend on a variety of factors, including, but not limited to, the market prices of the Common Stock and the Preferred Stock, as applicable, general market and economic conditions, and applicable legal and regulatory requirements. The Program does not obligate the Company to purchase any shares, and any open market repurchases under the Program will be made in accordance with Exchange Act Rule 10b-18, which sets certain restrictions on the method, timing, price and volume of open market stock repurchases. The Program, which replaces the Company's prior repurchase program that expired on March 31, 2024, is authorized through April 30, 2026, although it may be modified or terminated by the Board at any time.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press release dated April 22, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. DYNEX CAPITAL, INC. Date: April 22, 2024 By: /s/ Robert S. Colligan Robert S. Colligan Executive Vice President, Chief Financial Officer, and Secretary (Principal Financial Officer)

View Full Filing

View this 8-K filing on SEC EDGAR