James C. Wheat, III Notifies Decision to Not Stand for Re-Election to Dynex Capital, Inc.'s Board of Directors
November 28, 2016 at 05:26 pm
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On November 28, 2016, director James C. Wheat, III notified the Board of Directors of Dynex Capital, Inc. of his decision to not stand for re-election to Dynex's Board of Directors at the 2017 Annual Meeting of Shareholders in order to focus on other business commitments, with his Board service to end effective as of the close of business on December 31, 2016.
Dynex Capital, Inc. is an internally managed mortgage real estate investment trust (REIT), which invests in mortgage-backed securities (MBS). The Companyâs objective is to provide attractive risk-adjusted returns to its shareholders over the long term that are reflective of a leveraged, high quality fixed income portfolio with a focus on capital preservation. The Company seeks to provide returns to its shareholders primarily through the payment of regular dividends and through capital appreciation of its investments. The Company primarily invested in Agency MBS, including residential MBS (Agency RMBS). Its investment portfolio also comprised of Agency commercial MBS (Agency CMBS) and Agency and non-Agency CMBS interest-only (CMBS IO) securities.