Dynex Capital, Inc. Declares Monthly Common Stock Dividend for June 2019 and Announces Implementation of Reverse Stock Split - Seite 2

Based on 73,815,376 shares of common stock outstanding as of June 5, 2019, immediately following the reverse stock split and without giving any effect to the payment of cash in lieu of fractional shares, the Company will have approximately 24,605,125 shares of common stock outstanding.

In connection with the reverse stock split, the number of shares of the Company’s common stock authorized for issuance will be decreased from 200,000,000 to 90,000,000. In addition, the conversion rate for both series of the Company’s preferred stock will be adjusted for the reverse stock split, effective June 20, 2019, to reduce the number of shares of common stock into which each share of preferred stock may be convertible in accordance with the Company’s Articles of Incorporation.

For additional information on the reverse stock split, please visit the FAQs to be posted in the “About Us” section on the Company’s website at www.dynexcapital.com.

Dynex Capital, Inc. is an internally managed real estate investment trust, or REIT, which invests in mortgage assets on a leveraged basis. The Company invests in Agency and non-Agency RMBS, CMBS, and CMBS IO. 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.

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