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Dynex Capital Inc. 6.90% Series C Fixed-to-Floating Rate Cuymulate Redeemable Preferred Stock

Coupon is fixed at 6.90% until 4/14/2025 afterwhich the rate will be 3 month Libor plus a spread of 5.461% reset quarterly.

Ticker: DX-C

Parent Ticker: DX

OTC Grey Market Temporary Ticker: NA

Issuance Date: 02/13/2020

1st Call Date: 04/15/2025

Maturity Date: None

Shares Issued: 4,000,000

Overallotment Shares: 600,000

Coupon: 6.90%

Face Value: $25.00

Cumulative: Yes

Qualified: No

Quarterly Dividend Amount: 0.431

Payment Months: JAN, APR, JUL, OCT

Payment Day: 15

S&P Rating: NR

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

Moody Rating: NR

Fitch Rating: NR