NYSE, DX - Dynex Capital
We are a specialty finance company organized as a mortgage real estate
investment trust (REIT). We invest principally in single-family residential and
commercial mortgage loans and securities, both investment grade rated and
non-investment grade rated. Residential mortgage securities are typically
referred to as RMBS and commercial mortgage securities are typically referred to
as CMBS. We finance loans and RMBS and CMBS securities through a combination of
non-recourse securitization financing, repurchase agreements, and equity. We
employ financing in order to increase the overall yield on our invested
capital. Our primary source of income is net interest income, which is the
excess of the interest income earned on our investments over the cost of
financing these investments. We typically intend to hold securities to their
maturity but may occasionally record gains or losses from the sale of
investments prior to their maturity. ...
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