Dnex Capital Declares $0.29 Dividend for Q3

Dynex Capital, Inc.

announced today that it will pay a dividend of $0.29 per common share for the third quarter of 2012 on October 31, 2012 to shareholders of record on October 5, 2012. Mr. Thomas Akin, Chairman and Chief Executive Officer commented, “We are pleased to deliver another consistent dividend to our shareholders reflective of our high quality short duration investment strategy. Dynex has consistently retained a portion of our earnings each quarter for additional reinvestment and book value appreciation. This dividend represents the soundness of our business strategy and dedication to generating a strong total return for our shareholders.”