DX-C Dynex Capital, Inc. 6.900% Series C Fixed-to-Floating Rate Cumulative Preferred
Dividends in the amount of? $1.725 per share each year, which is equivalent to the rate of 6.900% of the $25.00 liquidation preference per share. Dividends on our Series C Preferred Stock will be payable quarterly in arrears on January 15, April 15, July 15 and October 15 of each year, commencing April 15, 2020, to holders of record on the applicable record date (provided that if any dividend payment date is not a business day, then the dividend which would otherwise have been payable on that dividend payment date (as defined herein) may be paid on the next succeeding business day) (i) from, and including, the date of original issuance to, but excluding, April 15, 2025, at a fixed rate equal to 6.900% of the $25.00 liquidation preference per share of the Series C Preferred Stock per annum and (ii) from and including April 15, 2025, at a floating rate equal to three-month LIBOR plus a spread of 5.461% per annum. On or after April 15, 2025, at any time and from time to time the Series C Preferred Stock will be redeemable in whole, or in part, at our option, at a cash redemption price of? $25.00 per share, plus any accumulated and unpaid dividends (whether or not declared) to, but not including, the redemption date. This security was issued by Dynex Capital Inc., whose common stock symbol is DX.
$21.18 -0.10 (-0.47%)
As of 03/27/2023 10:55:57 EST IEX book CBOE book
Security Information
Category1: US Equity
Category2: Preferred stocks
Category3: Non-convertible
GICS sector: Financials
Industry: REIT—Mortgage
Index country: USA
Country of incorporation: USA
IPO date: 02/25/2020
Outstanding shares: 4,000,000
Average volume: 19,289
Market cap: $85,760,000
Current dividend yield: 8.05% calculation
Initial coupon rate: 6.900%
Spread to LIBOR: 0.054610
Cumulative: Yes
Liquidation value: $25.00
Callable after: 04/15/2025
Maturity date: n/a - perpetual
Prospectus: Read on SEC.gov
All SEC filings: SEC Edgar Online
Quarterly filings: 10-Q
Annual filings: 10-K
Sedol: BKLB1T7