This is a routine administrative filing with no immediate trading implications. Monitor future ATM sales disclosures for pace of dilution — the company has already sold ~77% of the authorized shares under the program.
Price Chart
Executive Summary
Dynex Capital filed Amendment No. 9 to its existing distribution agreement, adding Goldman Sachs and Morgan Stanley as sales agents for its at-the-market (ATM) common stock offering. This administrative update expands the agent roster but does not change the total authorized share count of 221,292,973 shares. The filing is routine and administrative in nature, with no new financial terms or material changes to the offering program.
Key Facts
- Amendment No. 9 adds Goldman Sachs and Morgan Stanley as sales agents to the existing distribution agreement dated June 29, 2018.
- The total authorized shares under the ATM program remain unchanged at 221,292,973 shares of common stock.
- The amendment also updates standard anti-corruption and sanctions compliance representations.
- Filed concurrently with a 424B5 supplement showing 170,922,998 shares already sold under the program, with 50,369,975 shares still available.
Financial Impact
No new financial terms disclosed; the amendment is administrative in nature.
Risk Factors
- Continued ATM sales may dilute common shareholders if the company continues to sell shares at current levels.
- The concurrent 424B5 filing indicates active capital raising, which may signal ongoing financial stress following Q1 2026 losses.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000826675-26-000043 |
| Document: dx-20260428.htm | 0000826675-26-000043 |
| Document: 0000826675-26-000043-index-headers.html | 0000826675-26-000043 |
| Document: 0000826675-26-000043-index.html | 0000826675-26-000043 |
| Document: 0000826675-26-000043.txt | 0000826675-26-000043 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 6d ago | Insider Cluster | $11.05 $10.92 | ▼ −1.18% | ▼ −0.65% | $10.92 (−1.18%) |
Oct 20, 2026 6d ago | Insider Cluster | $11.05 $11.05 | · 0.00% | ▲ +1.18% | $10.92 (−1.18%) |
Oct 19, 2026 8d ago | 8-K | $10.56 $10.96 | ▼ −3.79% | ▼ −3.45% | $10.92 (−3.41%) |
Sep 25, 2026 4w ago | 8-K | $11.33 $11.39 | ▲ +0.53% | ▲ +0.71% | $10.92 (−3.62%) |
Sep 23, 2026 4w ago | 424B5 | $11.34 $11.34 | · 0.00% | ▼ −0.54% | $10.92 (−3.70%) |
Sep 22, 2026 5w ago | 424B5 | $12.10 $11.73 | ▼ −3.06% | ▼ −2.34% | $10.92 (−9.75%) |
Aug 9, 2026 11w ago | Institutional Cluster | $12.78 $12.93 | ▲ +1.17% | ▲ +1.49% | $10.92 (−14.55%) |
Jul 20, 2026 14w ago | 8-K | $13.12 $13.02 | ▼ −0.76% | ▼ −1.60% | $10.92 (−16.77%) |
Jun 11, 2026 19w ago | Institutional Cluster | $12.90 $12.93 | ▲ +0.23% | ▼ −0.31% | $10.92 (−15.35%) |
May 22, 2026 22w ago | 8-K | $26.11 $26.00 | ▼ −0.40% | ▼ −0.42% | $10.92 (−58.17%) |
US Market Status
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