Dynex Capital Files 8-K for Material Agreement

TL;DR

Dynex Capital filed an 8-K on 10/29/24 for a material agreement. Stay tuned for details.

AI Summary

On October 29, 2024, Dynex Capital, Inc. filed an 8-K report detailing a material definitive agreement and financial statements. The filing indicates the company's ongoing operations and financial reporting obligations.

Why It Matters

This filing provides investors with timely information about significant agreements and financial updates for Dynex Capital, Inc., impacting their investment decisions.

Risk Assessment

Risk Level: low — This is a routine filing for a material definitive agreement and financial statements, not indicating any immediate adverse events.

Key Players & Entities

• DYNEX CAPITAL, INC. (company) — Registrant
• October 29, 2024 (date) — Date of Report
• Virginia (jurisdiction) — State of Incorporation

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share DX New York Stock Exchange

Filing Documents

• dx-20241029.htm (8-K) — 37KB
• exhibit51opinion-atm2024.htm (EX-5.1) — 12KB
• exh101amendmentno5todistri.htm (EX-10.1) — 60KB
• image_0.jpg (GRAPHIC) — 6KB
• 0000826675-24-000136.txt ( ) — 294KB
• dx-20241029.xsd (EX-101.SCH) — 2KB
• dx-20241029_def.xml (EX-101.DEF) — 16KB
• dx-20241029_lab.xml (EX-101.LAB) — 27KB
• dx-20241029_pre.xml (EX-101.PRE) — 16KB
• dx-20241029_htm.xml (XML) — 4KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On October 29, 2024, Dynex Capital, Inc. (the " Company "), entered into amendment no. 5 (" Amendment No. 5 ") to the distribution agreement, dated June 29, 2018, as amended on May 31, 2019, August 3, 2021, June 3, 2022 and February 10, 2023 (the " Agreement " and, as amended by Amendment No. 5, the " Amended Agreement "), by and among the Company, on the one hand, and BTIG, LLC, Citizens JMP Securities, LLC, Janney Montgomery Scott LLC, Keefe, Bruyette & Woods, Inc., JonesTrading Institutional Services LLC, J.P. Morgan Securities LLC, 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 Agents in transactions that are deemed to be "at the market offerings" as defined in Rule 415(a)(4) under the Securities Act of 1933, as amended. Amendment No. 5 increases the number of shares of Common Stock available for sale under the Agreement by 33,235,621 shares to 69,353,243 shares, 35,468,000 shares of which remain available for issuance (the " Shares "), and adds Janney Montgomery Scott LLC, Keefe, Bruyette & Woods, Inc., RBC Capital Markets, LLC, UBS Securities LLC and Wells Fargo Securities, LLC as Sales Agents to the Amended Agreement. The Shares will be issued pursuant to the Company's Registration Statement on Form S-3 (File No. 333-281180). The Company filed a prospectus supplement, dated October 29, 2024, to the prospectus, dated October 25, 2024, with the Securities and Exchange Commission in connection with the offer and sale of the Shares from time to time pursuant to the Amended Agreement. The Sales Agents and their affiliates have provided, and may in the future provide, investment banking, brokerage and other services to the Company in the ordinar

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description of Exhibit 5.1 Opinion of Mayer Brown LLP with respect to the legality of common stock. 10.1 Amendment No. 5, dated October 29, 2024, to the Distribution Agreement, dated June 29, 2018, as amended on May 31, 2019, August 3, 2021, June 3, 2022, and February 10, 2023, by and among Dynex Capital, Inc., BTIG, LLC, Citizens JMP Securities, LLC, Janney Montgomery Scott LLC, Keefe, Bruyette & Woods, Inc., JonesTrading Institutional Services LLC, J.P. Morgan LLC, RBC Capital Markets, LLC, UBS Securities LLC and Wells Fargo Securities, LLC. 23.1 Consent of Mayer Brown LLP (included in Exhibit 5.1 ). 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: October 29, 2024 By: /s/ Robert S. Colligan Robert S. Colligan Executive Vice President, Chief Financial Officer and Chief Operating Officer (Principal Financial Officer)

View Full Filing

View this 8-K filing on SEC EDGAR