DX

Dynex Capital, Inc. (NYSE:DX) is a mortgage real estate investment trust (REIT) founded in 1987 and headquartered in Glen Allen, Virginia. The company went public in 1988 and has operated for over three decades as a specialized investor in mortgage-backed securities. Dynex focuses primarily on agency-backed residential mortgage-backed securities, employing leverage to enhance returns while maintaining a disciplined approach to risk management. The company has qualified as a REIT for federal income tax purposes, allowing it to avoid corporate-level taxation by distributing at least 90% of its taxable income to shareholders.