DYNEX CAPITAL, INC. (NYSE:DX) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal YearItem 5.03Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
Effective March 12, 2018, the Board of Directors of Dynex Capital, Inc. (the “Company”) amended and restated the Company’s Amended and Restated Bylaws to implement majority voting in uncontested elections of directors, beginning with the Company’s 2018 Annual Meeting of Shareholders. The text of this amendment to the Company’s Amended and Restated Bylaws is filed with this Current Report on Form 8-K as Exhibit 3.2.1.
Item 9.01Financial Statements and Exhibits.
(d) Exhibits
DYNEX CAPITAL INC ExhibitEX-3.2.1 2 exhibit321amendmenttoamend.htm EXHIBIT 3.2.1 Exhibit Exhibit 3.2.1Amendment to Dynex Capital,…To view the full exhibit click here
About DYNEX CAPITAL, INC. (NYSE:DX)
Dynex Capital, Inc. is an internally managed mortgage real estate investment trust, which invests in residential and commercial mortgage securities on a leveraged basis. The Company’s objective is to provide attractive risk-adjusted returns to its shareholders over the long term that is reflective of a leveraged fixed income portfolio with a focus on capital preservation. It seeks to provide returns to its shareholders through regular quarterly dividends and through capital appreciation. It invests in Agency and non-Agency mortgage-backed securities (MBS). MBS consists of residential MBS (RMBS), commercial MBS (CMBS) and CMBS interest-only securities. Agency MBS have a guaranty of principal payment by an agency of the United States Government or a government-sponsored entity (GSE), such as Fannie Mae and Freddie Mac. Its primary source of income is net interest income, which is the excess of the interest income earned on its investments over the cost of financing these investments.
