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Dynex Capital's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Dynex Capital, Inc. (DX)

Q2 2012 Earnings Call

July 30, 2012; 11:00 am ET


Thomas Akin - Chairman & Chief Executive Officer

Byron Boston - President & Chief Investment Officer

Stephen Benedetti - Chief Operating Officer & Chief Financial Officer

Alison Griffin - Vice President, Investor Relations


Douglas Harter - Credit Suisse

Trevor Cranston - JMP Securities

Zachary Tanenbaum - MLG

David Walrod - Ladenburg

Ken Lewis - Bank of America/Merrill Lynch

Jason Stewart - Compass Point

Jay Weinstein - Highline Wealth Management



Good morning and welcome to the Dynex Capital, second quarter 2012 earnings conference call. All participants will be in listen-only mode. (Operator Instructions).

I would now like to turn the conference over to Alison Griffin. Please go ahead.

Alison Griffin

Thank you. Thanks everyone for joining Dynex Capital, second quarter 2012 earnings conference call. The press release associated with today’s call was issues and filed with the SEC today, July 30, 2012. You may view the press release on the company’s website at under Investor Relations and on the SEC’s website at

Before we begin I would like to remind you that this conference call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words believe and expect, forecasts, anticipate, estimate, project, plan and similar expressions identify forward-looking statements that are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified.

The company’s actual results and timing of certain events could differ considerably from those projected and/or contemplated by the forward-looking statements as a result of unforeseen external factors or risks. For additional information on these factors or risks, we refer you to our Annual Report on Form 10-K for the period ended December 31, 2011 as filed with the SEC. The document may be found on our website at under Investor Relations and on the SEC’s website at

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