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, 2009 to shareholders of record as of March 31,
2009.
Mr. Thomas Akin, Chairman and Chief Executive Officer, commented, “We
are pleased to continue to pay a dividend of $0.23 per common share for
the first quarter. Our Agency MBS strategy has enjoyed strong results
for the quarter given historically low borrowing rates. Given our
short-duration Agency MBS position, we have not had to hedge our
liability costs with swaps, which is positively impacting our net
interest spread for the quarter.”
Dynex Capital, Inc. is a specialty finance company that elects to be
treated as a real estate investment trust (REIT) for federal income tax
purposes. Additional information about Dynex Capital, Inc. is available
at www.dynexcapital.com.
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: Statements in this press release regarding the
business of Dynex Capital, Inc. that are not historical facts are
"forward-looking statements" that involve risks and uncertainties. For a
discussion of these risks and uncertainties, which could cause actual
results to differ from those contained in the forward-looking
statements, see "Risk Factors" in the Company's Annual Report on Form
10-K and other reports filed with the Securities and Exchange Commission.
Dynex Capital, Inc.
Alison Griffin
804-217-5897
