Dynex Capital prices 4,800,000 shares of 9.375% Series D preferred stock for USD 120 million
Bitget2026/09/22 21:25- Dynex Capital priced a public offering of 4,800,000 shares of 9.375% Series D Fixed-Rate Cumulative Redeemable Preferred Stock.
- Gross proceeds expected at USD 120 million; underwriters hold a 30-day option for up to 720,000 additional shares.
- Liquidation preference set at USD 25 per share; closing targeted for Sept. 29, 2026, subject to customary conditions.
- Net proceeds earmarked for acquiring Agency and other investment securities, funding general corporate purposes.
- Preferred shares expected to list on the NYSE under the symbol DXPRD.
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