Dynex Capital, Inc. Declares Monthly Common Stock Dividend of $0.06 for May 2019

Dynex Capital, Inc. (NYSE: DX) announced today the Company’s Board of
Directors has declared a cash dividend of $0.06 per common share for May
2019. The dividend is payable on June 7, 2019 to shareholders of record
on May 28, 2019.

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, CMBS, and CMBS IO.
Additional information about Dynex Capital, Inc. is available at www.dynexcapital.com.

“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.

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