Business Context and Reporting Period
Company: Dynex Capital, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: April 28, 2026
Event: Entry into a Material Definitive Agreement (Amendment No. 9 to Distribution Agreement).
Key Financial Metrics
This filing does not contain financial performance data. The document reports a corporate action regarding a distribution agreement and does not provide values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
The primary material change is the amendment of the Company's existing distribution agreement dated June 29, 2018. Specifically, Amendment No. 9 updates the definition of "Agent" and "Agents" to include two new sales agents:
- Goldman Sachs & Co. LLC
- Morgan Stanley & Co. LLC
The agreement allows for the offering and sale of the Company's common stock through "at the market offerings" as defined in Rule 415(a)(4) under the Securities Act of 1933.
Guidance, Outlook, and Risks
Management Commentary: The filing notes that the Sales Agents and their affiliates have provided and may continue to provide investment banking, brokerage, and other services to the Company in the ordinary course of business. The Company expects to pay customary fees and commissions for these services.
Risks and Contingencies: No specific risks or contingencies are detailed in this summary section of the filing. The text states that the summary is qualified in its entirety by reference to the full text of Amendment No. 9 (Exhibit 10.1).
Investor Verification Checklist
- Review Exhibit 10.1 (Amendment No. 9) for the complete terms of the amended distribution agreement.
- Verify the specific commission rates and fee structures associated with the new sales agents (Goldman Sachs and Morgan Stanley).
- Monitor future filings for actual share issuances and proceeds generated under the amended "at the market" offering program.
- Confirm the total number of shares authorized for sale under the cumulative distribution agreement history.