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Dynex Capital Celebrates 20 Years of Trading on the NYSE

02/09/2009


Dynex Capital Inc. (NYSE-Listed DX) visits the NYSE to celebrate the company’s 20th anniversary of listing. In honor of the occasion, Chairman and CEO Thomas B. Akin rings The Opening BellSM.


 
 

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ABOUT DYNEX CAPITAL, INC. (NYSE: DX)
Dynex Capital is a specialty finance company organized as a real estate investment trust (REIT). Dynex Capital invests in residential mortgage-backed securities (RMBS), which are issued or guaranteed by a federally chartered corporation, such as Fannie Mae or Freddie Mac, or an agency of the U.S. government, such as Government National Mortgage Association or Ginnie Mae. RMBS issued or guaranteed by these agencies are commonly referred to as “Agency RMBS”.  Dynex Capital initiated its Agency RMBS strategy during the first quarter of 2008.

Dynex Capital also has invested in securitized residential and commercial mortgage loans, non-agency mortgage-backed securities, or non-Agency RMBS, and, through a joint venture, commercial mortgage-backed securities.  Substantially all of these loans and securities, including those owned by the joint venture, consist of or are secured by first lien mortgages which were originated by us from 1992 to 1998. 

Dynex Capital was incorporated in Virginia in 1987 and commenced operations in 1988.  Additional information about Dynex Capital, Inc. is available at www.dynexcapital.com. (Source: Dynex Capital, Inc.)