Every material Form 8-K DYNEX CAPITAL INC has filed with the SEC since September 25, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Dynex Capital reported a third-quarter 2026 net loss of $(1.34) per common share, compared with net income of $0.80 per share in the prior quarter. Book value per common share fell $1.99 to $10.91, which the company attributed mainly to wider Agency MBS spreads, and total economic return was $(1.48) per share, while $0.51 per share in dividends was declared.
Net loss per common share of $(1.34), versus net income of $0.80 per share in the prior quarter
Book value per common share of $10.91 as of September 30, 2026, down from $12.90 on June 30, 2026
Dividends declared of $0.51 per common share; total economic return of $(1.48) per share, or (11.5)% of beginning book value
Raised $384 million of capital, including $268 million of common equity through the ATM program and $116 million of 9.375% Series D preferred stock; leverage rose to 9.0 times shareholders' equity from 8.1 times
Dynex Capital closed its underwritten public offering of 4,800,000 shares of 9.375% Series D Fixed-Rate Cumulative Redeemable Preferred Stock on September 29, 2026, with underwriters holding an option for 720,000 more shares. The Articles of Amendment creating the series took effect the same day, adding a senior class of preferred stock that pays $2.34375 per share annually on a $25.00 liquidation preference.
4,800,000 Series D preferred shares sold in the underwritten offering, plus a 30-day option for up to 720,000 additional shares
Dividends of 9.375% of the $25.00 liquidation preference, or $2.34375 per share per year, payable quarterly starting January 15, 2027
Series D shares cannot be redeemed before October 15, 2031, except in certain tax-related cases or upon a Change of Control
Series C preferred stock (4,460,000 shares outstanding) ranks on parity with the new Series D shares; the Series D shares rank junior to all of the company's debt
Dynex Capital agreed on September 22, 2026 to sell 4,800,000 shares of 9.375% Series D Fixed-Rate Cumulative Redeemable Preferred Stock in an underwritten public offering. The company expects net proceeds of about $116.2 million and plans to use them to finance the acquisition of Agency and other investment securities and for general corporate purposes. For shareholders, the offering adds preferred equity to the capital structure, and the filing states the company intends to list the new shares on the NYSE as DXPRD.
4,800,000 shares at a $25.00 liquidation preference per share, for expected gross proceeds of $120 million before discounts and expenses
Expected net proceeds of approximately $116,220,000, before estimated expenses and assuming no exercise of the underwriters' option
Underwriters hold a 30-day option to buy up to 720,000 additional shares
Expected closing on or about September 29, 2026; intended NYSE listing under the symbol DXPRD
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
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