Dynex Capital Appoints Douglas Neal as Independent Director

Dynex Capital, Inc. has appointed Douglas Neal as an independent director to its Board of Directors, effective June 15, 2026. The Board size has been increased to seven members. Mr. Neal will serve on the Audit Committee and Compensation Committee and will stand for election by shareholders at the 2027 annual meeting. He is entitled to standard compensation for non-employee directors, pro-rated for his service. The company expects to enter into an indemnification agreement with Mr. Neal. The Board has determined that Mr. Neal meets the independence requirements of the NYSE and the Exchange Act. There are no arrangements or understandings with other parties regarding his appointment, nor is he party to any transactions requiring disclosure under Item 404(a) of Regulation S-K. The company also issued a press release on June 16, 2026, announcing this appointment.