Dynex Capital, Inc. Amends Distribution Agreement to Increase Common Stock Offering

On July 29, 2025, Dynex Capital, Inc. entered into Amendment No. 7 to its distribution agreement, originally dated June 29, 2018. This amendment increases the number of shares of common stock available for sale under the agreement by 61,939,730 shares, bringing the total to 161,292,973 shares, with 75,000,000 shares remaining available for issuance. The shares will be issued pursuant to the company's Registration Statement on Form S-3 (File No. 333-289004). The amendment involves several sales agents, including BTIG, LLC, J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC, among others. The company filed a prospectus supplement dated July 29, 2025, in connection with the offer and sale of the shares. The sales agents and their affiliates may provide investment banking, brokerage, and other services to the company, for which they will receive customary fees and commissions.