0000826675EX-FILING FEESS-3424B5333-289004Rule 457(o)securitiesiso4217:USDxbrli:pure00008266752025-07-292025-07-29000082667512025-07-292025-07-29000082667512025-07-292025-07-29000082667522025-07-292025-07-29000082667532025-07-292025-07-29

Exhibit 107

Calculation of Filing Fee Table

FORM 424(b)(5)
(Form Type)
DYNEX CAPITAL, INC.
(Exact Name of Registrant as Specified in its Charter)

Table 1: Newly Registered and Carry Forward Securities

			Security Type			Security Class Title			Fee Calculation or Carry Forward Rule (1)			Amount Registered			Proposed Maximum Offering Price Per Unit(2)			Maximum Aggregate Offering Price			Fee Rate			Amount of Registration Fee(2)			Carry Forward Form Type			Carry Forward File Number			Carry Forward Initial Effective Date			Filing Fee Previously Paid In Connection with Unsold Securities to be Carried Forward
			Newly Registered Securities
Fees to be Paid			Equity			Common Stock, par value $0.01 per share			Rule 457(o) and Rule 457(r)			75,000,000			$12.63			$947,250,000			$0.0001531			$145,023.98
Fees Previously Paid			—			—			—			—			—			—			—			—
			Carry Forward Securities
Carry Forward Securities
			Total Offering Amounts															$947,250,000						$145,023.98
			Total Fees Previously Paid																					—
			Total Fee Offsets																					11,397.06
			Net Fee Due																					$133,626.92

(1)The registration fee is calculated in accordance with Rules 457(o) and 457(r) under the Securities Act of 1933, as amended (the “Securities Act”) and represents deferred payment of the registration fees in connection with the Registrant's registration statement on Form S-3 (File No. 333-289004) filed on July 28, 2025, paid with the filing of this prospectus supplement.

(2)Estimated solely for purposes of calculating the registration fee in accordance with Rule 457(c) under the Securities Act based on the average of the high and low prices of the Registrant’s common stock, $0.01 par value per share, as reported on the New York Stock Exchange on July 25, 2025.

1

---

Exhibit 107

Table 2: Fee Offset Claims and Sources

Registrant Name

Form or Filing Type

File Number

Initial Filing Date

Filing Date

Fee Offset Claimed

Security Type Associated with Fee Offset Claimed

Security Title Associated with Fee Offset Claimed

Unsold Securities Associated with Fee Offset Claimed

Unsold Aggregate Offering Amount Associated with Fee Offset Claimed

Fee Paid with Fee Offset Source

Rules 457 (b) and 0-11(a)(2)

Fee Offset Claims

Fee Offset Sources

Rule 457 (p)

Fee Offset Claims

(1)

Dynex Capital, Inc.

S-3

333-281180

August 1, 2024

$11,397.06

Unallocated (Universal) Shelf

Unallocated (Universal) Shelf

$74,441,939

Fee Offset Sources

(2)

Dynex Capital, Inc.

S-3

333-281180

August 1, 2024

$89,239.03

Fee Offset Sources

(3)

Dynex Capital, Inc.

S-3

333-281180

October 22, 2024

$5,736.63

(1)The Registrant previously registered securities having an aggregate offering price of up to $750,000,000.00 pursuant to a registration statement on Form S-3 (File No. 333-281180) (the "prior registration statement"), which was declared effective by the Securities and Exchange Commission on October 25, 2024. The prior registration statement was terminated as of the date of the registration statement to which this prospectus supplement relates. At the time the prior registration statement was terminated, securities having an aggregate offering price of up to $74,441,939 remained unsold under the prior registration statement. Pursuant to Rule 457(p), $11,397.06 in filing fees previously paid and associated with such unsold securities (calculated at the fee rate in effect on the filing date of the prior registration statement) is being applied to partially offset the filing fee payable in connection with this prospectus supplement.

2