Dynex Capital, Inc. (NYSE:DX) announced that it is scheduled to make a presentation at the Keefe, Bruyette & Woods 2009 Diversified Financial Services Conference at the St. Regis Hotel in New York City on Thursday, June 4, 2009 at 4:20 p.m. Eastern Time. The presentation will be audio webcast live on the internet.

To access the live audio webcast and a copy of the Company’s presentation, select the hyperlink titled “Dynex Capital at Keefe, Bruyette & Woods 2009 Diversified Financial Services Conference” on the “Investor Relations/Event Calendar” page of the Company’s website at www.dynexcapital.com. The Company’s presentation and a replay of the audio webcast will be available on the Company’s website.

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