Dynex Capital, Inc. Announces Schedule for Third Quarter 2009 Results and Conference Call and Southwest IDEAS Investor Conference Presentation

GLEN ALLEN, Va.--(BUSINESS WIRE)--Dynex Capital, Inc. (NYSE:DX) announced today that it will release its third quarter 2009 results before the market opens on Monday, November 9, 2009 and will hold a conference call at 11:00 A.M. EST that day to discuss the results. The press release will be available online at www.dynexcapital.com under “Investor Relations/Recent News.” The conference call may be accessed by dialing 1-866-788-0541 (Passcode: 49849247) and will also be webcast online at www.dynexcapital.com through a link provided under “Investor Relations.”

Dynex Capital, Inc. also announced today that it is scheduled to make a presentation at the Southwest IDEAS Investor Conference on Wednesday, November 11, 2009. The Company’s presentation is scheduled to begin at 10:00 A.M. CST. The presentation will be webcast live and may be accessed at www.dynexcapital.com on the “Investor Relations/Event Calendar” page, or under the conference website at www.swideas.com. The conference will be held at the Hilton Anatole in Dallas, Texas on November 11 and 12, 2009.

Dynex Capital, Inc. is a specialty finance company that elects to be treated as a real estate investment trust (REIT) for federal income tax purposes. 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 Dynex Capital, Inc.'s business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. 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 for the year ended December 31, 2008 and other reports filed with the Securities and Exchange Commission.