Business Description
Dynex Capital is a Virginia-based real estate investment trust founded in 1987 that focuses on buying and holding mortgage-backed securities tied to both homes and commercial properties across the United States. Its portfolio includes securities backed by government agencies like Fannie Mae and Freddie Mac, as well as higher-risk securities that carry no government guarantee on repayments. By passing at least 90% of its taxable income to shareholders, the company avoids paying federal income tax at the corporate level.
