0000826675EX-FILING FEESS-8S-8securitiesiso4217:USDutr:Rate00008266752025-05-212025-05-21000082667512025-05-212025-05-21

Exhibit 107

Calculation of Filing Fee Table

FORM S-8
(Form Type)

DYNEX CAPITAL, INC.
(Exact Name of Registrant as Specified in its Charter)

Table 1: Newly Registered

Security Type

Security Class Title

Fee Calculation Rule

Amount Registered

Proposed Maximum Offering Price Per Unit

Maximum Aggregate Offering Price

Fee Rate

Amount of Registration Fee

Equity

Common Stock, par value $0.01 per share

Rule 457 (c) and Rule 457 (h)

12,000,000 (1)

$12.60 (2)

$151,200,000 (2)

$0.0001531

$23,148.72

Total Offering Amounts

$151,200,000 (2)

$23,148.72

Total Fee Offsets

$—

Net Fee Due

$23,148.72

(1)			This registration statement on Form S-8 (the “Registration Statement”) relates to shares of common stock, par value $0.01 per share (the “Common Stock”) of Dynex Capital, Inc. (the “Company”) to be issued under the Dynex Capital, Inc. 2025 Stock and Incentive Plan (the “Plan”). Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the “Securities Act”), this Registration Statement shall also cover any additional shares of Common Stock that become issuable under the Plan by reason of any stock dividend, stock split, recapitalization or any other similar transaction effected without the receipt of consideration which results in an increase in the number of the Company’s outstanding shares of Common Stock.
(2)			This estimate is calculated solely for purposes of determining the registration fee for this offering under the Plan. It is not known how many shares will be issued under the Plan. The above calculation is based on the offering of 12,000,000 shares of Common Stock at a purchase price of $12.60 per share, which is the average of the high and low prices of the Common Stock as reported in the New York Stock Exchange on May 16, 2025, which were $12.66 and $12.53, respectively.