Dynex Capital, Inc. Announces Common and
Preferred Dividend, Annual Meeting of
Shareholders and TALF Funding
March 17, 2010 09:04 AM Eastern Daylight Time
GLEN ALLEN, Va.--(EON: Enhanced Online News)--Dynex Capital, Inc. (NYSE: DX) announced today that its
Board of Directors has declared a dividend on its common stock of $0.23 per share and a dividend on its Series D
9.50% Cumulative Convertible Preferred Stock of $0.2375 per share. Both the common and preferred dividends
will be payable on April 30, 2010 to shareholders of record as of March 31, 2010.
The Company also announced that the Annual Meeting of Shareholders will be held on May 12, 2010 at 9:00 A.M.
PDT at the Grand Hyatt San Francisco in San Francisco, California. The record date for determining shareholders
entitled to notice of and to vote at the Annual Meeting will be March 23, 2010.
As previously disclosed, the Company funded $15 million in ‘AAA’-rated legacy CMBS it purchased in February
through the Term Asset Backed Securities Loan Facility, or TALF, program administered by the New York Federal
Reserve. The Company anticipates funding an additional $20-$40 million in March before the legacy CMBS TALF
program concludes, assuming the CMBS collateral is accepted by the Federal Reserve. For the completed February
TALF funding, the Company utilized $12.75 million of three-year TALF financing at a rate of 2.74% with an
estimated leveraged return on invested capital of 15%.
Dynex Capital, Inc. is a real estate investment trust, or REIT, which invests in mortgage loans and securities on a
leveraged basis. The Company invests in both Agency MBS, non-Agency MBS, and CMBS. The Company also
has investments in securitized single-family residential and commercial mortgage loans originated by the
Company from 1992 to 1998. Additional information about Dynex Capital, Inc. is available at
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this
press release reg