DYNEX CAPITAL, INC. (NYSE:DX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
DYNEX CAPITAL, INC. (NYSE:DX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 28, 2016, director James C. Wheat, III notified the Board of Directors of Dynex Capital, Inc. (“Dynex”) of his decision to not stand for re-election to Dynex’s Board of Directors (the “Board”) at the 2017 Annual Meeting of Shareholders in order to focus on other business commitments, with his Board service to end effective as of the close of business on December 31, 2016. Mr. Wheat’s decision was not a result of any disagreement between Mr. Wheat and Dynex on any matter relating to Dynex’s operations, policies or practices.
Mr. Wheat is a member and Chairman of the Board’s Nominating & Corporate Governance Committee as well as a member of the Board’s Compensation Committee. Since joining the Board in 2008, Mr. Wheat has been a valuable contributor to the Board and the committees on which he has served.
Dynex’s Board does not currently intend to replace Mr. Wheat on the Board and may reduce the size of the Board to six members effective as of the close of business on December 31, 2016.
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 up +0.02 at 6.98 with 157,495 shares trading hands.
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 up +0.02 at 6.98 with 157,495 shares trading hands.