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AI brief of an SEC Form 8-K · DYNEX CAPITAL INC (DX)

Dynex Capital prices $120 million offering of 9.375% Series D preferred stock

Neutral Impact 3 of 5 financing Written later

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.

Key points

  • 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

The filing

CompanyDYNEX CAPITAL INC (DX)
Form8-K, current report
Filed with the SECSep 25, 2026, 4:15 PM ET
Accession number0000826675-26-000104

Items reported: 1.01 Material Definitive Agreement7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 25, 2026.

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.