Dynex Capital, Inc. Announces 2021 Dividend Tax Information

Rhea-AI Summary

Dynex Capital, Inc. (NYSE: DX) disclosed the tax treatment for common and preferred stock dividends declared in 2021. The information aids shareholders in tax reporting for dividend distributions. Common stock dividends are primarily classified as return of capital and partly ordinary income, while preferred stock dividends are treated as ordinary income. Key dividend details include:

• Common Stock: $0.13 per share
• Preferred Stock: $0.153559 per share (redeemed on February 15, 2021)

Shareholders are advised to consult tax advisors for specific implications.

Positive

• Dividend per share of common stock is $0.13.
• Dividends on preferred stock are treated as ordinary income.

Negative

• None.

GLEN ALLEN, Va.--(BUSINESS WIRE)-- Dynex Capital, Inc. (NYSE: DX) today announced the tax treatment of common stock and preferred stock dividends declared in 2021.

Dividend Tax Information

We are providing the information below to assist shareholders with their tax reporting requirements relating to the dividend distributions by Dynex Capital, Inc. (“Dynex” or the “Company”). Shareholders should review the 2021 tax statements and/or Forms 1099 that they receive from their brokerage firms to ensure that the dividend distribution information reported on such statements conforms to the information set forth in this press release.

Common and Preferred Stock Dividends

As detailed below, dividends paid by Dynex on its common stock are treated substantially as return of capital and partly ordinary income and dividends paid on the Dynex preferred stock are treated as ordinary income. No portion of the dividend is considered a capital gain distribution.

Dynex Capital, Inc. Common Stock (CUSIP 26817Q886)

Dividend Record Date		Payment Date		Dividends per Share		Ordinary Income		Return of Capital		Capital Gain Distribution
12/20/21		01/03/22		$ 0.13		$ 0.0062551		$ 0.1237449		$ 0.00
11/22/21		12/01/21		$ 0.13		$ 0.0062551		$ 0.1237449		$ 0.00
10/22/21		11/01/21		$ 0.13		$ 0.0062551		$ 0.1237449		$ 0.00
09/22/21		10/01/21		$ 0.13		$ 0.0062551		$ 0.1237449		$ 0.00
08/23/21		09/01/21		$ 0.13		$ 0.0062551		$ 0.1237449		$ 0.00
07/22/21		08/02/21		$ 0.13		$ 0.0062551		$ 0.1237449		$ 0.00
06/21/21		07/01/21		$ 0.13		$ 0.0062551		$ 0.1237449		$ 0.00
05/24/21		06/01/21		$ 0.13		$ 0.0062551		$ 0.1237449		$ 0.00
04/22/21		05/03/21		$ 0.13		$ 0.0062551		$ 0.1237449		$ 0.00
03/22/21		04/01/21		$ 0.13		$ 0.0062551		$ 0.1237449		$ 0.00
02/22/21		03/01/21		$ 0.13		$ 0.0062551		$ 0.1237449		$ 0.00
01/25/21		02/01/21		$ 0.13		$ 0.0062551		$ 0.1237449		$ 0.00
				$ 1.56		$ 0.0750612		$ 1.4849388		$0.00

Dynex Capital, Inc. Series B Preferred Stock (CUSIP 26817Q803)

Dividend Record Date		Payment Date		Dividends per Share		Ordinary Income		Return of Capital		Capital Gain Distribution
02/15/2021		02/15/2021		$0.15355900 (1)		$ 0.15355900		$ 0.00		$ 0.00
01/01/2021		01/15/2021		$0.47656250		$ 0.47656250		$ 0.00		$ 0.00
				$0.63012150		$ 0.63012150		$ 0.00		$ 0.00

(1)	Series B Preferred Stock was redeemed effective on February 15, 2021 and this amount represents the accrued dividend paid in connection with this redemption.

Dynex Capital, Inc. Series C Preferred Stock (CUSIP 26817Q878)

Dividend Record Date		Payment Date		Dividends per Share		Ordinary Income		Return of Capital		Capital Gain Distribution
10/01/2021		10/15/2021		$ 0.43125000		$ 0.43125000		$ 0.00		$ 0.00
07/01/2021		07/15/2021		$ 0.43125000		$ 0.43125000		$ 0.00		$ 0.00
04/01/2021		04/15/2021		$ 0.43125000		$ 0.43125000		$ 0.00		$ 0.00
01/01/2021		01/15/2021		$ 0.43125000		$ 0.43125000		$ 0.00		$ 0.00
				$ 1.72500000		$ 1.72500000		$ 0.00		$ 0.00

Tax Disclaimer

The information above should not be construed as tax advice and is not a substitute for careful tax planning and analysis. Shareholders should consult their tax advisors regarding the specific federal, state, local, foreign and other tax consequences to them regarding their ownership of shares of the Company’s Common and Preferred Stock.

Dynex Capital, Inc. is an internally managed real estate investment trust, or REIT, which invests in mortgage assets on a leveraged basis. The Company invests in Agency and non-Agency RMBS, CMBS, and CMBS IO. Additional information about Dynex Capital, Inc. is available at www.dynexcapital.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220208006223/en/

Alison Griffin

(804) 217-5897

Source: Dynex Capital, Inc.

FAQ

What is the dividend amount for Dynex Capital's common stock in 2021?

Dynex Capital declared a dividend of $0.13 per share for its common stock in 2021.

How are the dividends for Dynex Capital's preferred stock treated?

Dividends paid on Dynex Capital's preferred stock are treated as ordinary income.

What is the payment date for the common stock dividend declared by Dynex Capital in 2021?

The payment date for the common stock dividend of $0.13 was January 3, 2022.

When were the dividends for Dynex Capital's preferred stock declared?

The preferred stock dividends were declared on January 1, 2021, and payed on January 15, 2021.

Are there any capital gain distributions for Dynex Capital's dividends?

No portion of the dividend from Dynex Capital is considered a capital gain distribution.