DYNEX CAPITAL INC — Form 8-K
Filed September 29, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
Dynex Capital issued up to 5,520,000 shares of 9.375% Series D Fixed-Rate Cumulative Redeemable Preferred Stock (with $25.00 liquidation preference per share, par $0.01) on September 22, 2026 pursuant to underwriting agreement with Morgan Stanley, J.P. Morgan, RBC, UBS, Wells Fargo, Citigroup, Goldman Sachs, and KBW. Gross proceeds approximately $138M (5.52M shares × $25). Up to 22,866,600 common shares reserved for conversion. Company confirmed REIT status maintained through 2026.
Why this rating
~9% of $1.5B market cap in capital raised; routine preferred equity offering for mREIT; REIT status confirmed; no operational change or material risk disclosed.
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