0000000000-24-008127.txt : 20240830 0000000000-24-008127.hdr.sgml : 20240830 20240717163608 ACCESSION NUMBER: 0000000000-24-008127 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20240717 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: DYNEX CAPITAL INC CENTRAL INDEX KEY: 0000826675 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 521549373 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD SEC FILE NUMBER: 001-09819 BUSINESS ADDRESS: STREET 1: 4991 LAKE BROOK DRIVE STREET 2: STE 100 CITY: GLEN ALLEN STATE: VA ZIP: 23060 BUSINESS PHONE: 8042175800 MAIL ADDRESS: STREET 1: 4991 LAKE BROOK DRIVE STREET 2: STE 100 CITY: GLEN ALLEN STATE: VA ZIP: 23060 FORMER COMPANY: FORMER CONFORMED NAME: RESOURCE MORTGAGE CAPITAL INC/VA DATE OF NAME CHANGE: 19930722 FORMER COMPANY: FORMER CONFORMED NAME: RESOURCE MORTGAGE INVESTMENT CORP DATE OF NAME CHANGE: 19930505 FORMER COMPANY: FORMER CONFORMED NAME: RAC MORTGAGE INVESTMENT CORP /VA/ DATE OF NAME CHANGE: 19930505 PUBLIC REFERENCE ACCESSION NUMBER: 0000826675-24-000011 LETTER 1 filename1.pdf begin 644 filename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Colligan Executive Vice President, Chief Financial Officer and Secretary Dynex Capital, Inc. 4991 Lake Brook Drive, Suite 100 Glen Allen, VA 23060 Re: Dynex Capital, Inc. Form 10-K for the year ended December 31, 2023 Form 8-K filed April 22, 2024 File No. 001-09819 Dear Robert S. Colligan: We have limited our review of your filing to the financial statements and related disclosures and have the following comment. Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Form 8-K filed April 22, 2024 Exhibit 99.1 Non-GAAP Financial Measures, page 7 1. We note your reconciliation of Adjusted net interest spread. Please expand your disclosure in future filings to describe why you believe this measure provides useful information to investors. Additionally, please tell us how the adjustment Impact from TBA dollar roll transactions is calculated and how it relates to your estimated TBA net interest spread. In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Please contact Eric McPhee at 202-551-3693 or Wilson Lee at 202-551-3468 with any questions. July 17, 2024 Page 2 Sincerely, Division of Corporation Finance Office of Real Estate & Construction