Dynex Capital, Inc. Declares Preferred Stock Dividend 
GLEN ALLEN, VA (REIT Media) June 15, 2007 - Dynex Capital, Inc. (DX) announced today that its Board of Directors has declared a dividend on its Series D Cumulative Convertible Preferred Stock of $0.2375 per share for the second quarter of 2007. The dividend will be payable on July 31, 2007, to holders of record of the Series D Preferred Stock as of June 29, 2007.
Dynex Capital, Inc. is a financial services company that elects to be treated as a real estate investment trust (REIT) for federal income tax purposes. Additional information about Dynex Capital, Inc. is available at www.dynexcapital.com.
Note: This document contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The words "believe," "expect," "forecast," "anticipate," "estimate," "project," "plan, " and similar expressions identify forward-looking statements that are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. The Company's actual results and timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements as a result of unforeseen external factors. These factors may include, but are not limited to, changes in general economic and market condition, variability in investment portfolio cash flows, availability of suitable reinvestment opportunities, defaults by borrowers, fluctuations in interest rates, fluctuations in property capitalization rates and values of commercial real estate, defaults by third-party servicers, prepayments of investment portfolio assets, other general competitive factors, the impact of regulatory changes, and the impact of Section 404 of the Sarbanes-Oxley Act of 2002. For additional information, see the Company's Quarterly Report on Form 10-Q for the period ended March 31, 2007, and the Company's Annual Report on Form 10-K for the period ended December 31, 2006, and other reports filed with and furnished to the Securities and Exchange Commission.
Contact:
Dynex Capital, Inc.
Alison Griffin, 804-217-5897
Source: Dynex Capital, Inc.
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Jun.15.2007. 14:11
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