Corporate Profile

Dynex Capital, Inc. is a financial services company, which invests in loans and securities consisting of or secured by, single-family mortgage loans and commercial mortgage loans.

The loans and securities in which Dynex invests have been pooled and securitized as collateralized bonds, providing long-term financing for the loans while limiting credit, interest rate and liquidity risk. Dynex has elected to be treated as a real estate investment trust for federal income tax purposes.

Dynex, headquartered in Glen Allen, Virginia, was incorporated in 1987 and is publicly traded on the New York Stock Exchange under ticker symbol DX. Dynex has a preferred stock issue that is traded on the New York Stock Exchange (http://www.nyse.com/). The issue is Series D Cumulative Convertible Preferred Stock and trades under the ticker symbol DXPRD.