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Buy (3.00 out of 4)
38th percentile
(ranked lower than approx. 62% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com
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Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Friday, November 14, 6:02 AM

Slide #562. Dynex Capital, Inc. Preferred Stock Offering

Company: Dynex Capital, Inc. (NYSE:DX)
Date announced: 4/11/2013
Price Per Share: $25.00
Preferred Stock Offering Details: Dynex Capital, Inc. announced that it intends to make a public offering of shares of an original issuance of Series B Cumulative Redeemable Preferred Stock, liquidation preference $25.00 per share (the "Series B Preferred Stock"). The Company intends to grant the underwriters a 30-day option to purchase additional shares of the Series B Preferred Stock to cover any overallotments. The Company also intends to apply to list the Series B Preferred Stock on the New York Stock Exchange.

Dynex Capital, Inc. is an internally managed mortgage real estate investment trust (REIT), which invests in mortgage-backed securities (MBS). Co.'s objective is to provide attractive risk-adjusted returns to its shareholders over the long term that are reflective of a leveraged, high quality fixed income portfolio with a focus on capital preservation. Co. seeks to provide returns to its shareholders primarily through the payment of regular dividends and through capital appreciation of its investments. Co. primarily invested in Agency MBS, including residential MBS (Agency RMBS).

Preferreds: DX.PRA, DX.PRB, DX.PRC


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Name:  Dynex Capital Inc
Website:  www.dynexcapital.com
Sector:  REITs
Number of ETFs Holding DX:  44 (see which ones)
 

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