Dynex Capital, Inc. announced the pricing of an underwritten public offering of 4.8 million shares of its Series D Fixed-Rate Cumulative Redeemable Preferred Stock. The offering is expected to generate gross proceeds of $120 million, or approximately $116.2 million in net proceeds after underwriting discounts, before other estimated expenses.
Key Details
- Offering Size: 4,800,000 shares of 9.375% Series D Fixed-Rate Cumulative Redeemable Preferred Stock.
- Financials: The shares were priced with a liquidation preference of $25.00 per share, for total gross proceeds of $120 million.
- Underwriter's Option: Underwriters have a 30-day option to purchase up to an additional 720,000 shares.
- Timeline: The agreement was entered into on September 22, 2026, and the offering is expected to close on or about September 29, 2026.