Corporate Profile

Dynex Capital, Inc. is a real estate investment trust, or REIT, which invests in mortgage loans and securities on a leveraged basis.  The Company invests in both Agency MBS and non-Agency MBS and CMBS.  The Company also has investments in securitized single-family residential and commercial mortgage loans originated by the Compay from 1992 to 1998.  The Company finances it investments through a combination of repurchase agreements, securitization financing, and equity capital.

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.