Dynex Capital, Inc. Announces 2019 Dividend Tax Information

GLEN ALLEN, Va.--()--Dynex Capital, Inc. (NYSE: DX) today announced tax information with respect to its 2019 Common Stock, Series A Preferred Stock and Series B Preferred Stock dividends.

Dividend Tax Information

We are providing the information below to assist shareholders with their tax reporting requirements relating to the dividend distributions by Dynex Capital, Inc. (“Dynex” or the “Company”). Shareholders should review the 2019 tax statements and/or Forms 1099 that they receive from their brokerage firms to ensure that the dividend distribution information reported on such statements conforms to the information set forth in this press release.

Common Stock Dividends

During 2019, Dynex Common Stock was listed under two CUSIPs: CUSIP #26817Q506 through the effective date on June 20, 2019 of the one-for-three reverse stock split (the “Reserve Split”) of its Common Stock, and the current Common Stock CUSIP #26817Q886 effective as of June 21, 2019.

As detailed below, dividends paid by Dynex on its Common Stock were in part ordinary taxable income and in part a return of capital. No portion of the dividends paid in 2019 were capital gains. The portion of the dividends that is ordinary taxable income is a qualified REIT dividend for section 199A purposes.

The following tables summarize the tax treatment for the 2019 Common Stock monthly dividend distributions:

2019 Split-Adjusted Common Stock Dividend Distributions

The information provided below for the dividends paid on the Common Stock for January 2019 through May 2019 has been adjusted for the Reverse Split.

Dynex Capital, Inc. Common Stock

Dividend

Record Date

 

Payment

Date

 

Dividends

per Share

 

Ordinary

Income

 

Capital Gain

Distribution

 

Return of

Capital

CUSIP 26817Q886

12/23/19

 

01/02/20

 

$0.15

 

$0.0274005

 

$0.00

 

$0.1225995

11/22/19

 

12/02/19

 

$0.15

 

$0.0274005

 

$0.00

 

$0.1225995

10/21/19

 

11/01/19

 

$0.15

 

$0.0274005

 

$0.00

 

$0.1225995

09/23/19

 

10/01/19

 

$0.15

 

$0.0274005

 

$0.00

 

$0.1225995

08/22/19

 

09/03/19

 

$0.15

 

$0.0274005

 

$0.00

 

$0.1225995

07/22/19

 

08/01/19

 

$0.18

 

$0.0328806

 

$0.00

 

$0.1471194

06/26/19

 

07/03/19

 

$0.18

 

$0.0328806

 

$0.00

 

$0.1471194

CUSIP 26817Q506

05/28/19

 

06/07/19

 

$0.18

 

$0.0328806

 

$0.00

 

$0.1471194

04/22/19

 

05/01/19

 

$0.18

 

$0.0328806

 

$0.00

 

$0.1471194

03/22/19

 

04/01/19

 

$0.18

 

$0.0328806

 

$0.00

 

$0.1471194

02/14/19

 

02/28/19

 

$0.18

 

$0.0328806

 

$0.00

 

$0.1471194

01/18/19

 

01/31/19

 

$0.18

 

$0.0328806

 

$0.00

 

$0.1471194

12/31/18

 

01/31/19

 

$0.54

 

$0.0986419

 

$0.00

 

$0.4413581

 

 

 

 

$2.55

 

$0.4658086

 

$0.00

 

$2.0841914

2019 Actual Common Stock Dividend Distributions

The information provided below for the dividends paid on the Common Stock for January 2019 through May 2019 has not been adjusted for the Reverse Split.

Dynex Capital, Inc. Common Stock

Dividend

Record Date

 

Payment

Date

 

Dividends

per Share

 

Ordinary

Income

 

Capital Gain

Distribution

 

Return of

Capital

12/23/19

 

01/02/20

 

$0.15

 

$0.0274005

 

$0.00

 

$0.1225995

11/22/19

 

12/02/19

 

$0.15

 

$0.0274005

 

$0.00

 

$0.1225995

10/21/19

 

11/01/19

 

$0.15

 

$0.0274005

 

$0.00

 

$0.1225995

09/23/19

 

10/01/19

 

$0.15

 

$0.0274005

 

$0.00

 

$0.1225995

08/22/19

 

09/03/19

 

$0.15

 

$0.0274005

 

$0.00

 

$0.1225995

07/22/19

 

08/01/19

 

$0.18

 

$0.0328806

 

$0.00

 

$0.1471194

06/26/19

 

07/03/19

 

$0.18

 

$0.0328806

 

$0.00

 

$0.1471194

05/28/19

 

06/07/19

 

$0.06

 

$0.0109602

 

$0.00

 

$0.0490398

04/22/19

 

05/01/19

 

$0.06

 

$0.0109602

 

$0.00

 

$0.0490398

03/22/19

 

04/01/19

 

$0.06

 

$0.0109602

 

$0.00

 

$0.0490398

02/14/19

 

02/28/19

 

$0.06

 

$0.0109602

 

$0.00

 

$0.0490398

01/18/19

 

01/31/19

 

$0.06

 

$0.0109602

 

$0.00

 

$0.0490398

12/31/18

 

01/31/19

 

$0.18

 

$0.0328806

 

$0.00

 

$0.1471194

 

 

 

 

$1.59

 

$0.2904453

 

$0.00

 

$1.2995547

Preferred Stock Dividends

Dynex Capital, Inc. Series A Preferred Stock (CUSIP 26817Q704)

Dividend

Record Date

 

Payment

Date

 

Dividends

per Share

 

Ordinary

Income

 

Capital Gain

Distribution

 

Return of

Capital

10/1/2019

 

10/15/2019

 

$0.5312500

 

$0.5312500

 

$0.00

 

$0.00

7/1/2019

 

7/15/2019

 

$0.5312500

 

$0.5312500

 

$0.00

 

$0.00

4/1/2019

 

4/15/2019

 

$0.5312500

 

$0.5312500

 

$0.00

 

$0.00

1/1/2019

 

1/15/2019

 

$0.5312500

 

$0.5312500

 

$0.00

 

$0.00

   

$2.1250000

 

$2.1250000

 

$0.00

 

$0.00

Dynex Capital, Inc. Series B Preferred Stock (CUSIP 26817Q803)

Dividend

Record Date

 

Payment

Date

 

Dividends

per Share

 

Ordinary

Income

 

Capital Gain

Distribution

 

Return of

Capital

10/1/2019

 

10/15/2019

 

$0.47656250

 

$0.47656250

 

$0.00

 

$0.00

7/1/2019

 

7/15/2019

 

$0.47656250

 

$0.47656250

 

$0.00

 

$0.00

4/1/2019

 

4/15/2019

 

$0.47656250

 

$0.47656250

 

$0.00

 

$0.00

1/1/2019

 

1/15/2019

 

$0.47656250

 

$0.47656250

 

$0.00

 

$0.00

   

$1.90625000

 

$1.90625000

 

$0.00

 

$0.00

Tax Disclaimer

The information above should not be construed as tax advice and is not a substitute for careful tax planning and analysis. Shareholders should consult their tax advisors regarding the specific federal, state, local, foreign and other tax consequences to them regarding their ownership of shares of the Company’s Common and Preferred Stock.

Dynex Capital, Inc. is an internally managed real estate investment trust, or REIT, which invests in mortgage assets on a leveraged basis. The Company invests in Agency and non-Agency RMBS, CMBS, and CMBS IO. Additional information about Dynex Capital, Inc. is available at www.dynexcapital.com.

Contacts

Alison Griffin
(804) 217-5897

Social Media Profiles

Contacts

Alison Griffin
(804) 217-5897