DX · Dynex Capital, Inc.

Dynex Capital, Inc. entered into Amendment No. 9 to its existing Distribution Agreement, effective April 28, 2026. The amendment adds Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC as sales agents, expanding the group of agents authorized to sell shares of the company's common stock in at-the-market offerings. The original agreement, dated June 29, 2018, and previously amended multiple times, allows Dynex to sell up to 221,292,973 shares of common stock. The amendment also updates representations and warranties regarding anti-corruption and sanctions compliance, reflecting standard legal updates. This expansion of the sales agent network may provide Dynex with greater flexibility and access to capital markets, though the company retains discretion over the timing and amount of any sales. The filing does not disclose any immediate plans to issue shares under the amended agreement.