{"url_path":"/sec/dx/8-k/2026-07-20/item-2-02","section_key":"item-2-02","section_title":"Item 2.02 Results of Operations and Financial Condition.","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-20","source_url":"https://www.sec.gov/Archives/edgar/data/826675/0000826675-26-000074-index.html","accession_number":"0000826675-26-000074","cik":"0000826675","ticker":"DX","issuer_name":"DYNEX CAPITAL INC","edgar_url":"https://www.sec.gov/Archives/edgar/data/826675/0000826675-26-000074-index.html","primary_entity_key":"0000826675","primary_entity_name":"DYNEX CAPITAL INC"},"word_count":367,"has_tables":true,"body_markdown":"Item 2.02    Results of Operations and Financial Condition.\n\nOn July 20, 2026, Dynex Capital, Inc. (the \"Company\") issued a press release announcing its financial results as of and for the quarter ended June 30, 2026. The text of the aforementioned press release is included as Exhibit 99.1 to this Form 8-K and is also available on the Company's website (www.dynexcapital.com under “Investors/News & Market Information”). The press release included the following financial information:\n\nSecond Quarter 2026 Financial Highlights\n\n•Total economic return of $0.81 per common share, or 6.4% of beginning book value\n\n•Book value per common share of $12.90 as of June 30, 2026, an increase of $0.30 from $12.60 as of March 31, 2026\n\n•Comprehensive income of $0.80 per common share and net income of $0.80 per common share\n\n•Dividends declared of $0.51 per common share\n\n•Liquidity of $1.6 billion of cash and unpledged securities, representing 51% of total equity, as of June 30, 2026\n\n•Leverage including to-be-announced (\"TBA\") securities at cost was 8.1 times shareholders' equity as of June 30, 2026, compared to 8.6 times shareholders' equity as of March 31, 2026\n\nSecond Quarter 2026 Portfolio and Capital Highlights\n\n•Total investment portfolio of $27.6 billion, an increase of 11% relative to March 31, 2026 driven by $2.8 billion of MBS purchases:\n\n◦Agency RMBS portfolio, including TBAs, increased approximately 11% to $26.1 billion\n\n◦Agency CMBS portfolio increased approximately 11% to $1.4 billion\n\n◦99.99% of investment portfolio is in highly liquid Agency securities\n\n▪Agency RMBS represents 95% of total portfolio; Agency CMBS represents 5% of total portfolio\n\n•Raised $391 million of common equity, net of commissions, representing approximately 30 million shares, through the Company's at-the-market (\"ATM\") program\n\nPursuant to the rules and regulations of the Securities and Exchange Commission, the information set forth above is being filed under Item 2.02 of Form 8-K and shall be deemed incorporated by reference in any filing under the Securities Act, except as expressly set forth by specific reference in such filing. All other information set forth in Exhibit 99.1 is being furnished. In addition, the information contained on the Company’s website is not incorporated by reference into, and does not form a part of, this Current Report on Form 8-K."}