{"filing":{"accession_number":"0000826675-26-000112","cik":"0000826675","ticker":"DX-PC","company_name":"DYNEX CAPITAL INC","form":"8-K","filing_date":"2026-09-29","report_date":"2026-09-29","primary_document":"dx-20260929.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/826675/000082667526000112/dx-20260929.htm"},"events":[{"id":35758,"run_id":32954,"accession_number":"0000826675-26-000112","anchor_item_number":"3.03","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"summary":"Dynex Capital completed an underwritten public offering of 4,800,000 shares of Series D Preferred Stock (with an additional 720,000 shares optionally available to underwriters), each with a $25.00 liquidation preference and 9.375% cumulative dividend rights. The offering materially dilutes existing shareholders and creates senior claims on assets and earnings.","company_name":"DYNEX CAPITAL INC","ticker":"DX-PC","filing_date":"2026-09-29","form":"8-K","submitted_at":null,"items":[{"id":39925,"accession_number":"0000826675-26-000112","item_number":"3.03","item_title":"Material Modifications to Rights of Security Holders.","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"The Company issued 4,800,000 shares of Series D Preferred Stock (with an additional 720,000 shares optionally available to underwriters) in an underwritten public offering, creating new equity securities with a $25.00 liquidation preference and 9.375% cumulative dividend rights. While technically preferred stock rather than common equity, this represents a material dilutive capital raise that increases the Company's equity base and creates senior claims on assets and earnings, affecting existing shareholders' interests. The filing discloses the Articles of Amendment establishing the Series D Preferred Stock's terms, preferences, and relative rights, which is the hallmark of a material modification to the security structure.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-29T20:15:42.075777+00:00","company_name":"","ticker":null,"filing_date":""},{"id":39926,"accession_number":"0000826675-26-000112","item_number":"5.03","item_title":"Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.","event_type":"governance_other","event_domain":"governance","is_material":false,"confidence":0.85,"reasoning":"This Item 5.03 discloses an amendment to the Articles of Incorporation, incorporating by reference details from Item 3.03. While the specific amendment content is not detailed in this section, amendments to articles of incorporation are governance matters. Without evidence of material impact (such as voting rights changes, control shifts, or significant structural changes), routine charter amendments are typically non-material administrative disclosures.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-29T20:15:42.075777+00:00","company_name":"","ticker":null,"filing_date":""},{"id":39927,"accession_number":"0000826675-26-000112","item_number":"8.01","item_title":"Other Events","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"The filing discloses the closing of a previously announced \"Offering\" involving the issuance and sale of \"Underwritten Shares\" by Dynex Capital, with counsel opinions filed regarding legality and tax matters. This language is consistent with a public or underwritten equity offering. While the specific registration status is not explicitly stated in this excerpt, the reference to underwritten shares, counsel opinions on legality, and the formal closing announcement are hallmarks of a dilutive equity issuance material to investors.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-29T20:15:42.075777+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":39925,"accession_number":"0000826675-26-000112","item_number":"3.03","item_title":"Material Modifications to Rights of Security Holders.","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"The Company issued 4,800,000 shares of Series D Preferred Stock (with an additional 720,000 shares optionally available to underwriters) in an underwritten public offering, creating new equity securities with a $25.00 liquidation preference and 9.375% cumulative dividend rights. While technically preferred stock rather than common equity, this represents a material dilutive capital raise that increases the Company's equity base and creates senior claims on assets and earnings, affecting existing shareholders' interests. The filing discloses the Articles of Amendment establishing the Series D Preferred Stock's terms, preferences, and relative rights, which is the hallmark of a material modification to the security structure.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-29T20:15:42.075777+00:00","company_name":"DYNEX CAPITAL INC","ticker":"DX-PC","filing_date":"2026-09-29"},{"id":39926,"accession_number":"0000826675-26-000112","item_number":"5.03","item_title":"Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.","event_type":"governance_other","event_domain":"governance","is_material":false,"confidence":0.85,"reasoning":"This Item 5.03 discloses an amendment to the Articles of Incorporation, incorporating by reference details from Item 3.03. While the specific amendment content is not detailed in this section, amendments to articles of incorporation are governance matters. Without evidence of material impact (such as voting rights changes, control shifts, or significant structural changes), routine charter amendments are typically non-material administrative disclosures.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-29T20:15:42.075777+00:00","company_name":"DYNEX CAPITAL INC","ticker":"DX-PC","filing_date":"2026-09-29"},{"id":39927,"accession_number":"0000826675-26-000112","item_number":"8.01","item_title":"Other Events","event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"The filing discloses the closing of a previously announced \"Offering\" involving the issuance and sale of \"Underwritten Shares\" by Dynex Capital, with counsel opinions filed regarding legality and tax matters. This language is consistent with a public or underwritten equity offering. While the specific registration status is not explicitly stated in this excerpt, the reference to underwritten shares, counsel opinions on legality, and the formal closing announcement are hallmarks of a dilutive equity issuance material to investors.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-29T20:15:42.075777+00:00","company_name":"DYNEX CAPITAL INC","ticker":"DX-PC","filing_date":"2026-09-29"}]}