Dynex Capital, 8.50% Series A Cumulative Redeemable Preferred Stock

2/13/2020 The Company announced today that it will redeem all 2,300,000 of its outstanding Series A Preferred Stock, representing an aggregate liquidation value of $57.5 million, on March 14, 2020 (the “Redemption Date”). The Series A Preferred Stock will be redeemed at the redemption price of $25.00 per share, plus $0.34826 in accumulated and unpaid dividends, for an aggregate redemption price of $25.34826 per share. Dividends will cease to accrue on the Series A Preferred Stock as of the Redemption Date.

Redeemed 03/14/2020

Ticker: DX-A

Parent Ticker: DX

OTC Grey Market Temporary Ticker:

Issuance Date: 07/27/2012

1st Call Date: 07/31/2017

Maturity Date: None

Shares Issued: 2,000,000

Overallotment Shares: 300,000

Coupon: 8.50%

Face Value: $25.00

Cumulative: Yes

Qualified: No

Quarterly Dividend Amount: 0.531

Payment Months: JAN, APR, JUL, OCT

Payment Day: 15

S&P Rating: NR

III Rating (In Regards to Dividend Safety Only): C

Moody Rating: WR

Fitch Rating: NR

View Prospectus

View All SEC Filings