Dynex Capital

Rank#4287

Market Cap2.81B

CountryUnited States

Summary

Dynex Capital, Inc., a mortgage real estate investment trust, invests in mortgage-backed securities (MBS) on a leveraged basis in the United States. It invests in agency and non-agency MBS consisting of residential MBS, commercial MBS (CMBS), and CMBS interest-only securities. Agency MBS have a guaranty of principal payment by an agency of the U.S. government or a U.S. government-sponsored entity, such as Fannie Mae and Freddie Mac. Non-Agency MBS have no such guaranty of payment. The company has qualified as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was incorporated in 1987 and is headquartered in Glen Allen, Virginia.

History

Dynex Capital was founded in 1988 and the company’s first investment was in a joint venture with General Electric Capital Corporation to make loans to the multifamily housing industry. In the late 1990's and early 2000’s Dynex began investing in commercial mortgage backed securities and government sponsored enterprises such as Fannie Mae and Freddie Mac. Through the early 2000’s Dynex also began to invest in residential mortgage backed securities. In 2004, Dynex began to invest in non-agency mortgage backed securities.

Mission

Our mission is to provide our shareholders with attractive risk-adjusted returns through active management of our investment portfolio.

Vision

Our vision is to become a premier mortgage REIT and a leader in the specialty finance arena.

References

https://in.investing.com/equities/dynex-capital-inc

https://www.comparably.com/companies/vision/mission

https://www.crunchbase.com/organization/dynex-capital

https://finance.yahoo.com/quote/DX/

https://www.dynexcapital.com

https://sec.report/CIK/0000826675

Leadership team