Dynex Capital, Inc. (NYSE:DX) announced today that it will release its second quarter 2009 results before the market opens on Thursday, August 6, 2009, and will hold a conference call at 11:00 A.M. EDT on Friday, August 7, 2009 to discuss the results. The press release will be available online at www.dynexcapital.com under “Investor Relations/Recent News”. The conference call may be accessed by dialing 1-866-730-5764 (Passcode: 71327314) and will also be webcast online at www.dynexcapital.com through a link provided under “Investor Relations.”

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 Dynex Capital, Inc.'s business 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 for the year ended December 31, 2008 and other reports filed with the Securities and Exchange Commission.

Dynex Capital, Inc.
Alison Griffin, 804-217-5897