Dynex Capital, Inc. has appointed Douglas Neal as an independent director to its Board of Directors, effective June 15, 2026. The appointment strengthens the governance of the real estate investment trust as it focuses on scaling its business and delivering long-term shareholder value. Neal will serve on the Board's Audit Committee and Compensation Committee and is expected to stand for re-election at the Company's 2027 Annual Meeting of Shareholders.

Byron Boston and Smriti Popenoe, Co-Chief Executive Officers of Dynex, highlighted Neal's extensive experience in investment banking and financial services. They noted his background in partnering with companies through growth phases and his familiarity with the mortgage REIT sector as key assets for the Board.

Neal is an experienced executive and investor with a track record in capital formation and strategic transformation. He currently manages real estate investments and advises early-stage property technology companies. His career includes over 20 years in investment banking, notably as a Senior Managing Director at BofA Merrill Lynch, where he was a founding member of the Real Estate Banking Group. During that time, he advised on more than $50 billion of mergers and acquisitions, public offerings, and capital raising transactions.

Board and Governance Experience

Neal brings significant public company board and governance experience to Dynex. He has served as chairman and independent director for various real estate, real estate technology, and investment-focused organizations. Currently, he serves as an independent board member of Burroughs & Chapin Company, Inc., a privately owned real estate company, and as Chairperson of The Boost Pad, a nonprofit focused on expanding access to entrepreneurship.

Expressing his enthusiasm, Neal stated he looks forward to working with the Board and management team to build on the Company's performance. Dynex Capital is an internally managed REIT that invests in high-quality mortgage assets backed by U.S. residential and commercial real estate.

Dynex Capital, Inc. has declared a cash dividend of $0.17 per share on its Common Stock for June 2026, payable to shareholders of record as of June 22, 2026. The dividend will be paid on July 1, 2026. The company's Board of Directors also announced a quarterly cash dividend of $0.59416 per share on its Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock for the second quarter of 2026. This preferred dividend is payable on July 15, 2026 to shareholders of record as of July 1, 2026.

The Series C Preferred shares accrue dividends at a floating rate equal to Three-Month CME Term SOFR plus 0.26161% plus 5.461%. For the dividend period ending July 14, 2026, the dividend rate is set at 9.40213%.

Dividend Details

Dynex Capital, Inc. is an internally managed REIT that invests in high-quality mortgage assets backed by U.S. residential and commercial real estate.