DYNEX CAPITAL, INC. 4,000,000 Shares UNDERWRITING AGREEMENTUnderwriting Agreement • February 19th, 2020 • Dynex Capital Inc • Real estate investment trusts • New York
Dynex Capital, Inc., a Virginia corporation (the “Company”), proposes to issue and sell to the several underwriters listed in Schedule 1 hereto (the “Underwriters”), for whom you are acting as representatives (the “Representatives”), an aggregate of 4,000,000 shares (the “Underwritten Shares”) of 6.900% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock of the Company (the “Preferred Stock”) and, at the option of the Underwriters, up to an additional 600,000 shares of Preferred Stock of the Company (the “Option Shares”). The Underwritten Shares and the Option Shares are herein referred to as the “Shares.” The Shares shall be established by Articles of Amendment to the Restated Articles of Incorporation of the Company (the “Articles of Amendment”).
