DYNEX CAPITAL INC 8-K
Research Summary
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Dynex Capital Amends ATM Sales Agreement, Adds Goldman Sachs & Morgan Stanley
What Happened
- On April 28, 2026 Dynex Capital, Inc. filed an 8-K (Item 1.01) announcing Amendment No. 9 to its distribution agreement (originally dated June 29, 2018). The amendment updates the agreement’s definition of “Agent(s)” to add Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC as sales agents for the company’s at‑the‑market (ATM) offerings under Rule 415(a)(4).
Key Details
- Amendment No. 9 effective April 28, 2026; it amends the existing distribution agreement (with prior amendments).
- Adds Goldman Sachs and Morgan Stanley to the list of Sales Agents authorized to sell Dynex common stock in ATM transactions.
- Sales Agents (and their affiliates) may provide investment banking, brokerage and other services; Dynex has paid, and expects to pay, customary fees and commissions.
- The full amendment is filed as Exhibit 10.1 to the 8-K.
Why It Matters
- For investors, this is a corporate finance/ capital markets update: adding two large investment banks as authorized ATM sales agents can broaden Dynex’s distribution channels and execution capacity when it sells shares through its ATM program.
- The filing does not state any new share amounts, pricing, or immediate sales — it simply expands the group of firms authorized to execute future ATM sales, and notes customary fees will apply.
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