Dynex Capital, Inc. Declares First Quarter 2019 Preferred Stock Dividends

Dynex Capital, Inc. (NYSE: DX) announced today that the Companys Board of Directors has declared dividends on shares of its preferred stock for the first quarter of 2019.

The Company announced that it will pay the regular quarterly dividend of $0.53125 per share on its 8.50% Series A Cumulative Redeemable Preferred Stock (NYSE: DXPRA) and $0.4765625 per share on its 7.625% Series B Cumulative Redeemable Preferred Stock (NYSE: DXPRB). Both dividends will be paid on April 15, 2019 to shareholders of record of the Series A and Series B Preferred Stocks as of April 1, 2019.

Dynex Capital, Inc. is an internally managed real estate investment trust, or REIT, which invests in mortgage assets on a leveraged basis. The Company invests in Agency and non-Agency RMBS, CMBS, and CMBS IO. Additional information about Dynex Capital, Inc. is available at www.dynexcapital.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding the business of Dynex Capital, Inc. that are not historical facts are forward-looking statements that involve risks and uncertainties. For a discussion of these risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Risk Factors in the Companys Annual Report on Form 10-K and other reports filed with the Securities and Exchange Commission.

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Alison Griffin
804-217-5897