Dynex Capital, Inc. Announces First Quarter Common Stock Dividend and Annual Meeting of Shareholders

GLEN ALLEN, Va.--(BUSINESS WIRE)--Dynex Capital, Inc. (NYSE: DX) announced today that its Board of Directors has declared a dividend on its common stock of $0.27 per share for the first quarter of 2011. The common stock dividend will be payable on April 29, 2011 to shareholders of record as of March 31, 2011.

The Company also announced that the Annual Meeting of Shareholders will be held on Wednesday, May 11, 2011 at 9:00 A.M. PT at The Stanford Court Renaissance Hotel in San Francisco, California. The record date for determining shareholders entitled to notice of and to vote at the Annual Meeting is March 15, 2011.

Dynex Capital, Inc. is a real estate investment trust, or REIT, which invests in mortgage assets on a leveraged basis. The Company invests in Agency, and non-Agency RMBS and CMBS. The Company also has investments in securitized single-family residential and commercial mortgage loans originated by the Company from 1992 to 1998. Additional information about Dynex Capital, Inc. is available at www.dynexcapital.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding the business of Dynex Capital, Inc. that are not historical facts are "forward-looking statements" that involve risks and uncertainties, including statements regarding future operating performance and future business, investment and capital strategies. For a discussion of these risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report on Form 10-K and other reports filed with the Securities and Exchange Commission.