DX

Dynex Capital, Inc. is a real estate investment trust (REIT) that invests in mortgage-backed securities (MBS) issued or guaranteed by U.S. government agencies or government-sponsored enterprises. The company's portfolio consists primarily of agency residential and commercial MBS, providing exposure to the U.S. housing finance market without direct credit risk. Dynex generates income from the interest rate spread between its investment portfolio and its financing costs. As a REIT, the company is required to distribute substantially all of its taxable income to shareholders as dividends.