Mortgage real estate investment trust, Dynex Capital, Inc. is generating buzz thanks to its leveraged basis investment in mortgage-backed securities in the United States. With a portfolio that includes agency and non-agency MBS, as well as residential and commercial MBS (CMBS) and CMBS interest-only securities, Dynex's strategy is paying off. While agency MBS are backed by guarantors such as Fannie Mae and Freddie Mac, non-agency MBS lack such security. In addition, due to its status as a federally-recognized real estate investment trust, Dynex is exempt from federal income taxes as long as it distributes at least 90% of its taxable income as dividends. Founded in 1987, the Virginia-based Dynex is poised to make big waves in the high-risk mortgage industry.
Dynex Capital's ticker is DX
The company's shares trade on the LSE stock exchange
They are based in Datchet, England
There are 1001-5000 employees working at Dynex Capital