DYNEX CAPITAL, INC. (NYSE:DX) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03
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Amendment to Articles of Incorporation or Bylaws; Change in
Fiscal Year. |
previously disclosed decision of one director to not stand for
re-election to the Companys Board of Directors, the Companys
Amended and Restated Bylaws were amended to decrease the size of
the Companys Board of Directors from seven members to six
members, subject to automatic increase as otherwise provided in
the Companys Articles of Incorporation. The text of this
amendment to the Companys Amended and Restated Bylaws is attached
hereto as Exhibit 3.2.1.
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Item 9.01
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Financial Statements and Exhibits.
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Exhibit No.
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Description
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3.2.1
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Amendment to Amended and Restated Bylaws of the
Company, effective as of February 28, 2017 |
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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. DYNEX CAPITAL, INC. (NYSE:DX) Recent Trading Information
DYNEX CAPITAL, INC. (NYSE:DX) closed its last trading session 00.00 at 6.92 with 317,457 shares trading hands.
