“As we continue to move Dynex forward, it is a huge benefit to have access to advice from a board of such experienced business leaders,” said Boston. “During their careers Valerie and Robert have developed broad-based and sophisticated knowledge across a wide range of disciplines. I’m very grateful for their support, as well as the ongoing support from all of the directors.”
With their addition to the board, Mosley will become a member of the Investment Committee and Salcetti will join the Audit Committee.
The Company also announced that its Board of Directors has declared dividends on shares of its common and preferred stock for the fourth quarter of 2013.
Common Stock Dividend
The Company’s Board of Directors has declared a quarterly dividend of $0.27 per common share for the fourth quarter of 2013 payable on January 31, 2014 to shareholders of record on December 31, 2013. There is no dividend reinvestment discount for fourth quarter dividends reinvested through the Company's Dividend Reinvestment and Share Purchase Plan.
Preferred Stock Dividends
The Company also announced that it will pay the regular quarterly dividend of $0.53125 per share on its 8.50% Series A Cumulative Redeemable Preferred Stock (NYSE: DXPRA) and $0.4765625 per share on its 7.625% Series B Cumulative Redeemable Preferred Stock (NYSE: DXPRB). Both dividends will be paid on January 15, 2014 to shareholders of record of the Series A and Series B Preferred Stocks as of January 1, 2014.
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
“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.