Dynex Capital, Inc. to Present at the 2011 FBR Capital Markets Fall Investor Conference

Dynex Capital, Inc. (NYSE: DX) announced today that members of the Company's executive management team are scheduled to present at the 2011 FBR Fall Investor Conference at the Grand Hyatt New York on Tuesday, November 29, 2011 at 3:50 p.m. ET. A live audio webcast of the Company's presentation, along with presentation materials, will be accessible online at www.dynexcapital.com through a link provided on the “Investor Relations” page under “IR Highlights.” The presentation and related materials will be archived on the Company's website for 90 days.

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 and CMBS. The Company also has investments in securitized single-family residential and commercial mortgage loans originated by the Company from 1992 to 1998. Additional information about Dynex Capital, Inc. is available at www.dynexcapital.com.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding the business of Dynex Capital, Inc. that are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of these risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” in the Company's Annual Report on Form 10-K and other reports filed with the Securities and Exchange Commission.