0000826675EX-FILING FEESS-3424B5333-289004Rule 457(o)N/Asecuritiesiso4217:USDxbrli:pure00008266752026-01-272026-01-27000082667512026-01-272026-01-27000082667512026-01-272026-01-27000082667522026-01-272026-01-27

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

Maximum Aggregate Offering Price

Fee Rate

Amount of Registration Fee

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

(1)

Equity

Common Stock, par value $0.01 per share

Rule 457(o) and Rule 457(r)

67,354,187

$14.27

$961,144,248.49

$0.0001381

$132,734.02

Fees Previously Paid

Carry Forward Securities

Carry Forward Securities

Total Offering Amounts

$961,144,248.49

$132,734.02

Total Fees Previously Paid

—

Total Fee Offsets

14,220.45

Net Fee Due

$118,513.57

(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 (the “Registration Statement”), paid with the filing of this prospectus supplement. The Proposed Maximum Offering Price Per Unit is 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 (the “Common Stock”), as reported on the New York Stock Exchange on January 21, 2026.

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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

333-289004

July 29, 2025

$14,220.45

Equity

Common Stock, par value $0.01 per share

7,354,187

Fee Offset Sources

Dynex Capital, Inc.

S-3

333-289004

July 29, 2025

$14,220.45

(1)The Registrant previously registered an aggregate of 75,000,000 shares of its Common Stock, offered by means of a 424(b)(5) prospectus supplement dated July 29, 2025 (the “Prior Prospectus Supplement”), pursuant to the Registration Statement. In connection with the filing of the Prior Prospectus Supplement, the registration fee was $145,023.98. As of the date of this prospectus supplement, 7,354,187 shares of Common Stock remain unsold under the Prior Prospectus Supplement. Pursuant to Rule 457(p) under the Securities Act, $14,220.45 in filing fees previously paid in connection with the filing of the Prior Prospectus Supplement and associated with such unsold securities is being applied to partially offset the filing fee payable in connection with this prospectus supplement. The offering pursuant to the Prior Prospectus Supplement has terminated.

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