DYNEX CAPITAL INC

# Dynex Capital Inc (DX-PC)

Dynex Capital is a mortgage real estate investment trust (REIT) that invests in residential and commercial mortgage-backed securities (MBS) in the United States. The company's portfolio consists of agency MBS, which carry guarantees of principal payment from U.S. government-sponsored entities such as Fannie Mae and Freddie Mac, as well as non-agency MBS, which do not include such guarantees. As a qualified REIT, the company is required to distribute at least 90% of its taxable income to shareholders and is generally exempt from federal income taxation at the entity level.

The company's revenue is primarily generated through net interest income on its MBS holdings and gains or losses from securities transactions. Dynex operates with a small workforce of 28 full-time employees and is headquartered in Glen Allen, Virginia. The company was incorporated in Virginia in 1987 and is listed on the New York Stock Exchange. Its investment focus is concentrated in the U.S. mortgage market, with exposure to both agency-backed and non-guaranteed mortgage securities.