Dynex Capital, Inc. (NYSE: DX) has just announced the launch of an underwritten public offering of 10,500,000 shares of its common stock, with plans to grant the underwriters a 30-day option to purchase up to an additional 1,575,000 shares of its common stock. The proposed offering is subject to market and other conditions. BTIG is acting as the sole book-running manager for the offering.
The offering is being made pursuant to the company’s existing shelf registration statement that has been declared effective by the Securities and Exchange Commission (SEC). The company plans to use the net proceeds it receives from the offering to acquire additional investments, consistent with its investment policy, and for general corporate purposes.
In terms of the company's performance, Dynex Capital, Inc. is a financial services company committed to ethical stewardship of stakeholders' capital. They employ comprehensive risk management and disciplined capital allocation to generate dividend income and long-term total returns through the diversified financing of real estate assets in the United States. Dynex operates as a REIT and is internally managed to maximize stakeholder alignment.
For more information about Dynex Capital, Inc., you can visit their website at www.dynexcapital.com. Today the company's shares have moved -1.3% to a price of $11.69. For the full picture, make sure to review Dynex Capital's 8-K report.
