body.htm

-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Uo0uNySiGjKccS6QvSAO/8MGv14QZ7+H+GN9WcxM8sTF5sCA9EqeHMrh5eoQgJe1 T1z4TteZqHWYrvSFOtggBA== 0000826675-08-000066.txt : 20080602 0000826675-08-000066.hdr.sgml : 20080602 20080415164510 ACCESSION NUMBER: 0000826675-08-000066 CONFORMED SUBMISSION TYPE: CORRESP PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20080415 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DYNEX CAPITAL INC CENTRAL INDEX KEY: 0000826675 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 521549373 STATE OF INCORPORATION: VA FISCAL YEAR END: 0326 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 4551 COX RD STREET 2: STE 300 CITY: GLEN ALLEN STATE: VA ZIP: 23060 BUSINESS PHONE: 8042175815 MAIL ADDRESS: STREET 1: 4551 COX RD STREET 2: STE 300 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 CORRESP 1 filename1.htm body.htm

DYNEX CAPITAL, INC.

4551 COX ROAD SUITE 300

GLEN ALLEN, VIRGINIA 23060

804-217-5800

FAX 804-217-5860

April 15, 2008

Via EDGAR and Fax

Securities and Exchange Commission

100 F Street, NE

Washington, DC 20549

Attention: Mr. Duc Dang

Re: Dynex Capital, Inc.

Registration Statement No. 333-149475

Ladies and Gentlemen:

Pursuant to Rule 461 of the General Rules and Regulations under the Securities Act of 1933, as amended, Dynex Capital, Inc. (the “Company”) hereby respectfully requests that the effectiveness of the Registration Statement be accelerated to 5:00 pm (Washington, DC time) on April 17, 2008, or as soon thereafter as is practicable.

The Company hereby acknowledges that (i) should the Commission or the staff, acting pursuant to delegated authority, declare the filing effective, it does not foreclose the Commission from taking any action with respect to the filing; (ii) the action of the Commission or the staff, acting pursuant to delegated authority, in declaring the filing effective, does not relieve the registrant from its full responsibility for the adequacy and accuracy of the disclosure in the filing; and (iii) the Company may not assert this action as defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.

Should you have any questions regarding this request, please contact our counsel, James Wheaton, Troutman Sanders LLP, at (757) 687-7719.

	Very truly yours,

	DYNEX CAPITAL, INC.

	By: /s/ Stephen J. Benedetti Stephen J. Benedetti Executive Vice President

cc: Mr. Thomas Kluck, Securities & Exchange Commission

Mr. James Wheaton, Troutman Sanders, LLP

GRAPHIC 2 dynexlogo.jpg DYNEX LOGO begin 644 dynexlogo.jpg M_]C_X``02D9)1@`!`0$`8`!@``#_X1#"17AI9@``24DJ``@````0`/X`!``! M```````````!`P`!````OP.>M0$!`P`!````D@'FY0(!`P`!`````0`S1@,! M`P`!````!0"OL@8!`P`!``````"Q_1$!!``&````S@```!4!`P`!`````0#Z M;18!`P`!````1`#ILA``#````2`!(``````+8`BC_X?_B`OD"1@-'!2@#_``"````2`!( M``````+8`B@``0```&0````!``,#`P````$G#P`!``$```````````````!@ M"``9`9```````````````````````````````````````````#A"24T#[0I2 M97-O;'5T:6]N`````!`"6`````$``0)8`````0`!.$))300-&$98($=L;V)A M;"!,:6=H=&EN9R!!;F=L90`````$````>#A"24T$&1)&6"!';&]B86P@06QT M:71U9&4`````!````!XX0DE-`_,+4')I;G0@1FQA9W,````)```````````! M`#A"24T$"@Y#;W!Y#5523"!O=F5R65R($E$($=E;F5R871O7U5F9VAI:FML;6YO8W1U=G=X>7I[?'U^?W$0`"`@$"!`0#!`4&!P<& M!34!``(1`R$Q$@1!46%Q(A,%,H&1%*&Q0B/!4M'P,R1BX7*"DD-3%6-S-/$E M!A:BLH,')C7"TD235*,79$55-G1EXO*SA,/3=>/S1I2DA;25Q-3D]*6UQ=7E M]59F=H:6IK;&UN;V)S='5V=WAY>GM\?_V@`,`P$``A$#$0`_`/4J::J*F4TL M;554T,KK8`UK6M&UC&,;[6L:U8_U@^LK^C/JJIZ7G]4MMASOL=#K&,9N:QYL MOCT_5]/U7U4-_P!'^F^SUVUW*Q]8\S.Q.D7OZ?6ZS-M::<5S74M#+[0:L2RP MYUM%+F?:G4U^G^ELL?9_,6+S+)Z?DYC\@7?I\7(LLR,H./1#8S[0ZN[[73?Z MOZO;F?5K$LRK'TLQOU_%^W^M=C^M94E,\WZV_P"-3(<]U&%FX@#6OK;5TPD% M[FT,MQW_`&G[4YF/2YF5;3?^DNN?_.5UU6UUX4L'ZY?XTL+*?Z_2LOJN(;!M M^T8#Z+/3:3.S[$STZ;;J_I>I]M92_P#\$V^E?4;J?4+'9?7#7C/L]-US'X/2 MWW/N+'GJ#_7JQLNMU5F8ZFW&R+?UCT_M%&1B_P`UF)=9^I?4\/J0R^AMK=59 M9OH;C].Z6'X9;ML99ZV9]CLR_P!)^CQV,=1;5_/VY;[,;TLU*>E^KWUIHZ_N M-.!GX3/3;;5;F8YKKM8[\['R&.MI?])COYSWL?\`HO4_2;-M>18W2,H-K>_& MR;'%KW>MTKIW2'N;L_:-]];\-]N,ZK(=^GI]%_\`-6?X/^;24Z"2 M222E))))*4DDDDI22222G__0Z#_&%U3H>%E=-KZN^L,LWUEMO3VYFUEIJ%F9 MC9.1MIQ[QC<[^D4V7=-R?T2L=/P?JGTCI%/6^J#I1K>[[5AY[,&O#.Q MX^V8M=%+C=>_(J8/U?T_UK977^C?D>I;9F?XX^A7]0Z'C=2QJ[+K>F6/-K60 M0VBUOZQ>]G\X[TK*,?\`F_YNKUK+/T?Z2JO]?,+-ZK_B[Z&WIF/=FN+L2T-H MHVNV?9KOTAP\/U:L9GO9^BJ_0T_S3$E.%]>/\:N5U![L#ZN768N"(]3+`-5[ MWL<_^8M;9OJQ+6>@_P#FZ,K_``=OZ/\`1*7U%_QJNZ;4SI?U@W6X5;:ZL3)J M8W=2QH92*[ZZ]GK8]=3?4]5GJ97_`(9]3]"+_%I;D?5;K67;]8A=T?"NPK'- M&6U]+;7TV4.'HU6AOVK(JJLM].NIEEWZ7]'_`#B57UI_QQ,<7.Q+6[?4YWJU_F;_`.=]2K]&DI[OJ'U5^K'4.GG.Z8.E481:3;>< M6BW'-3&Y%60YN3BNPLBA^^QEC\FKJ'Z#[%7L]/\`6/47^+[.Z7?CYF-TWJ&- MGUTNJ>\8N`>GACGL]$OL9_-7OR?LOJ^QGZ-_J?X#[/31Q_3OKBX_6[/Z1G]/ MNQ>E=>;MR.CN8VFT9>1CT5/]^RFYS\ZZOT*[++L.K]<^WW^A^D6K]2_\8.;U M/ZSU]+ZE5=NS,+&;0YP].+::'YN5DV8\^ELZAZUME-^/Z?ZO5@_H/]$E/I"2 M\L^N%3OKQ]>\3ZMX9:IG7NC8W3*FT#+QFX>.T@!K[,?]%C4^OOLOLR+&68N)ZF5772S M]6]3,]+U_LJ4^QI+A/\`%3]8?M?27?5[,;95U/HTUO9>[WNKWO#=M=D75_8O MZ);5LV4?JW^E]*O*^IG3F#_&K]8+@SUZL?[0]MY:UPKNONK=L;94_(KJM]-V M52W](S(]+U_6IHL^T8]24^H)+QKIGU3Z;UW_`!F];P.I#(^STV7YGID>BYY- M]+O3?_.O^R6LR7^G;4^JV^CTLC]!O72]4_Q-_5NZBYW3GY&-E>G9]G8;0:?4 M)LLH]?U*;[O2KWUT?HW;_L]7Y^1ZEUJ4^@)+@OJ3U["Z+CY?0^J.;T\X#7Y- M>)8Z;:@QGVKJN*REK;+K<>BXV9W3[_7S7YW3LMGIW76X69Z,OJS]7L#K?7+O MKID.KS6/R+S@6%KH>UKJZL+):Q_V?T/V?30_";1?A>O]LKOS_ME_ZEZ*4__1 M]54*::J*F4TL;554T,KK8`UK6M&UC&,;[6L:U3224^;_`..[):WHO3L0V-#K MK^M_I/M&7ZEUOV?\`7DIQ>K7,ZG_CEZ?5 MCW5Y(Q-C"-S7-K-#;LF^GW8CV-MJ?ZC]GZS;Z_\`VOP;O^3R_P"-'ZMT='Q> ME_6+HE7V;(Z7930YS&%\,J#?L%][[#8S]4?CUXWJ7LL]?UZ:K;?T=5:Z#ZA] M"^IW1?4JZ-U#'ZIU.VL')R&VU66;&[&O;550YWV?$];W[??[_3]:^[TZ5/\` MQF],=U3ZO5XC'9+'.NZ@]M;"&LM/ITW/KM=7D.=_HMC_1]?_!>HQ)2' M_%;T*WI_03U3,XN<:SN=B[W^I8VQ]C;+,OU/9=^M>E=_,K-_ MQBFC_GI]3PVR[_#Y'JW>E3O])<_] M;OJ_;G?7+HG4[NJ8V)C8CJ#BX61:6ONOKR66Y+<:EWLWV8[Z6[Z]]EEU>/19 M7L_35I3E?7OIMOU5^LV%]>>E8;;:`YPZC4T%K!98'4NR+'-<[TWYE5[J_5]# MT:\JKU;_`%KLK99+_%_GT]4^OO7>I4O_`$65CUVU,L])UFQ_I/:/5^UYN37Z M#?T5M&._[+O_`*37T^RC#P5Z+E_9?LMWVWT_LGIN^T>M'I^G!]7UO4_1^EZ? M\YO]FQ<+_BV^K5'1^J]6OP>J8G4<&S:RBO%O-]C6;['8[\WTC5BLM])O_<>[ MW^K]GNQZ_6^TI3SF%T;*ZW_C,Z]C8F?=T=[&Y%ANPWLW.AU53&O?A?9F;'7V M59.12_\`6/T?V?*M^W>KEKO?JC]5^J]!RLZWJ/5;.L?:ZZ&UWW[_`%&^DJ^IC MW!I%E->(S]+C7"C?>^G]+E5_K?J>M=7;M97U=_QE9M#FY76LXW56,<[J&+G8GILLQ:\OI=3F/LN%]/JV,O93?D79.Q]%+;L7U<#J/[3KQK+?TE MOZ]CV6T_0PDI_]D`.$))300A&E9E2!I;F9O M`````%4````!`0````\`00!D`&\`8@!E`"``4`!H`&\`=`!O`',`:`!O`'`` M```3`$$`9`!O`&(`90`@`%``:`!O`'0`;P!S`&@`;P!P`"``-@`N`#`````! M`$%D;V)E(%!H;W1O'1H<'"`D+B<@(BPC'!PH-RDL M,#$T-#0?)SD].#(\+C,T,O_;`$,!"0D)#`L,&`T-&#(A'"$R,C(R,C(R,C(R M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,O_``!$( M`#D`AP,!(@`"$0$#$0'_Q``?```!!0$!`0$!`0```````````0(#!`4&!P@) M"@O_Q`"U$``"`0,#`@0#!04$!````7T!`@,`!!$%$B$Q008346$'(G$4,H&1 MH0@C0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I*C0U-CH.$A8:'B(F*DI.4E9:7F)F:HJ.DI::G MJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7V-G:X>+CY.7FY^CIZO'R\_3U M]O?X^?K_Q``?`0`#`0$!`0$!`0$!`````````0(#!`4&!P@)"@O_Q`"U$0`" M`0($!`,$!P4$!``!`G<``0(#$00%(3$&$D%1!V%Q$R(R@0@40I&AL<$)(S-2 M\!5B7J"@X2%AH>(B8J2DY25EI>8F9JBHZ2EIJ>HJ:JRL[2U MMK>XN;K"P\3%QL?(RKR\_3U]O?X^?K_V@`, M`P$``A$#$0`_`/?\UB>)O%&E^%M,^WZG)((\E4CBC+O(V,[5`[\=3@>IJQKN MKQZ-H]Q>OY)>-"8HY;A(1*^"0F]R`"<=Z\'U;4M6U?4Y[^?3=3BEF?(2#QQ; M1H@'\*J%P!C\?Q.:`-#Q!\;=7EEG30+6.VML%8I[BQEDD;@$,!D*.?6NBN/`_B6/18+U-/\2RW4C$/8IXL'FQ+QM))AVG/.0#QQUSP`2>'OCI( M9)$\2::50'Y);&UE!(S@91B?8_>KV#1M9T_7=,AU#3+A;BUE!V2`$=#@@@@$ M$>A&:^>DM=9>,[+7Q)@D?<\;VQ!/I]WOFM[PQJ>M^'-3%V-+UV[C=`DL5YXI MM;A""?O;2!\PQQ@CTXH`]WHJ.*:.:-7B=71AE64Y!'J#4E`!1110`4444`%% M%%`!1110`4444`>=_$>]M'-GI]Y=:7&FTS&'4='EO58\@%2A`4C#>_-P5 MC'$^`7$CY/3K@K^5>J3^(;C0_AE'XAU&/[5=6^F13S(IVB20HN>><`L?2@"& MWT3PKX%TX:Q>VFD6,\$6V:^BM5A!).3M49(R>@&3VKD-,^/_`(=O/$\MAJJ>QY]P.<>):]XJU_XD^)K6"^N4!N)TAMK8,5@A+$*,#G M')Y;D_RK6/P4\5P3F&]DTFS8`,#<7Z+N!)'`&3V]*`/?]?\``FB:U:M?:3I' MAYKVXVN+FZL_-CE4CK\C#J,$$'_&O-]9T73]%O6LKZ/P'!=IC?')HUTH`(SD M$,01[CCKZ4[P?I_Q'^'=G]HBBL]>\/H6,]K:WBR&$#DM'G&#R>!G/<=#7H?C MC5]2OO!5JW@^>26[U2>.*SNK:1=D>:M% M?'^D^,=+O]2TN"]\BR.)/.B"ECM+87YCGCZ=10!UM%>3C]H7P7@'R=6&?6W7 M_P"+IZ?M!>"78`_VFN>YMA@?DU`'JM%:+XU^U?V4UPK6VUG2XA,;;6 MSM8UZP\.:/-J>HR,EM$54[$+L69@J@*.222*`-2BN?\`#'B_3/%U MM<7.DK^\THM+L5!],!OP-=/K^C7/B'X6RZ18^6MQ=:?'''YC84'"GDC/I77,BL"&`(/!!Z& M@(J@!5``&`!VH`^6T^"7B_P^ZZU,VGM'IY%TZQSDL1&=Q`R!S@5K^*-$U#XX MZPOB/PM`(;"T@6P?[>XC9I%9G.`N[C$B_C7N_BITB\(ZW(X.Q;"[TZ?3@CH5G@:Z8QS)@Y#+C MGJ<'J*YOP=KVJ#X9^)-'M9)O/M+FSNK%(P6D24SJI"KU.6"\>IZ0Z M=I=W?3MMAMH))G;T55))_(5X#^SG9O>VYGW_P#LHH`L^%_& M.MZ%\/)\3_B[I_A"S+?V;I3 M-]LD0G`.1YI^H`"#W)]:T?VA-`C_`+)T[Q/;GRKVTG6W9U.&9#EE_%6!(_WC M6M\!_#D5CX/?Q!*?.O\`5Y&=Y68LP16(`R>Y8,3ZY'I0!T/Q(L(+;X2ZW9VT M216\%CMBC4<(JD8`^@%?.VG6M_X*L/"WC_2Q(\$S/'<*?NK(KLK1D]@Z=,]\ M^E?2OQ*9$^&WB+>VU?L,@X^G'ZUQ_P`,=!L_$_P'MM'OUS;W)N%)`Y1O-8JP M]P<$4`=7KFL6?B'X3ZQJEC)YEK=Z-2Q^4G^%UP1[]LDUZ)^S[ M_P`DT_[?Y?Y+0!Q/[/!L8=2\0F[>W1]D2IYK#D;FSC/T%>W7EKX8UF5=/NX- M)O92C,MO(L-Q`Z@=,GZ5\Y?"'X?Z+XZO-9CUAKD"T\LQ_9Y0N=Q;.<@^ ME>U>$OA-HO@KQ$=5TBZO#OMW@DAN&5P02IR"`",;?UH`Y&ZTNY^&GC&WN+&W MNKBQ57%AM`8S0,=TMB3UWJ098O7#+SG(OZ]?S?$;Q19:9H]PXTRW)ECNHS\I M(P&N<=PGS1Q^LA8YQ&16U\4=2MY-.AT,6SW%W))'<%HCB2V`<*C1GJLKO\B? M5F/"D')\!:Q+HWBB_P!/U;3X-/FU"X2*6*)0%MKD1G9&#WADC7,?)PP=>X)` M/3])TRST?3(-.T^!8+2W0)'&O8>_J2"*'>J9+C:3EB`,`D]>U>.>!M(^+?@*PN=/L?"MG=6L\GG M%)[N'*OM`)!$HZ@#(]OS^@CTI#TH`\0U?PU\6/B&$TW7UT[1-(9@TT5NX;=@ MDC(5F+'.."P&0#VKU'PAX2L/!OA^+2-/#M&A+R2OC=+(<98X_+V`'UKH.]%` M'G7QC\/:SXG\&1Z9H>GF\N&O$D8"5(]JJ&YRY'J^`=5T[2+-KN]ND6)(E=4X+# M)RQ`X`-4OA+HVJ^'_`-MI&LV#6=W;3RC:TB/O5FW!@5)&/F(_"NY;O\`2A>M M`'E'QF^&UWXOL[74]&MEEU>U/E&/>J>="3TRQ`RIY'(X+>U7_A-HFN>$_A]= M6.IZ7)#J$-Q-+'!YB-YN54K@AL$X[H7D:K(D]U%QM)(/$F<\GK7A^M,;H/QH`\U\`^&=5?5Y]9\36,\-W;L3$+J5)))IW`WSL4^ M7A=L:`<*H('4U>^(WA*XU2.#5=.L3>7:*+2[M5<(UU:LW16/`>-L2(QZ%<\] M#WJ]&_#^5/;H:`.5\#7OB.;1%M?$VEW%I?VRJGGO+'(+E> -----END PRIVACY-ENHANCED MESSAGE-----