Dynex Capital, Inc. (NYSE: DX) today announced tax information with respect to its 2015 Common Stock, Series A Preferred Stock and Series B Preferred Stock dividends.
Dividend Tax Information
We are providing the information below to assist you in your tax reporting requirements relating to the dividend distributions by Dynex Capital, Inc. (“Dynex” or the “Company”). As detailed below, dividends paid by Dynex on its Common Stock were in part ordinary taxable income and in part a return of capital. No portion of the dividends paid in 2015 were capital gains. The distributions of ordinary taxable income are not eligible for the tax rate reductions enacted for qualified dividend income under the Jobs and Growth Tax Relief Reconciliation Act of 2003 and are accordingly being reported as non-qualifying dividends.
Shareholders should review the 2015 tax statements and/or Forms 1099 that they receive from their brokerage firms in order to ensure that the dividend distribution information reported on such statements conforms to the information set forth in this press release.
The table below provides a summary of the tax information relating to the quarterly dividend distributions of the Company for the 2015 tax year:
Dynex Capital, Inc. Common Stock (CUSIP 26817Q506) | |||||||||||||||
Dividend Record Date | Payment Date | Dividends per Share | Ordinary Income | Capital Gain Distribution | Return of Capital | ||||||||||
| 12/31/2015 | 01/29/2016 | $0.24 | $0.2104871 | $0.00 | $0.0295129 | ||||||||||
| 10/06/2015 | 10/30/2015 | $0.24 | $0.2104871 | $0.00 | $0.0295129 | ||||||||||
| 07/06/2015 | 07/31/2015 | $0.24 | $0.2104871 | $0.00 | $0.0295129 | ||||||||||
| 04/06/2015 | 04/30/2015 | $0.24 | $0.2104871 | $0.00 | $0.0295129 | ||||||||||
| $0.96 | $0.8419484 | $0.00 | $0.1180516 | ||||||||||||
Dynex Capital, Inc. Series A Preferred Stock (CUSIP 26817Q704) | |||||||||||||||
Dividend Record Date | Payment Date | Dividends per Share | Ordinary Income | Capital Gain Distribution | Return of Capital | ||||||||||
| 10/01/2015 | 10/15/2015 | $0.53125000 | $0.5312500 | $0.00 | $0.00 | ||||||||||
| 07/01/2015 | 07/15/2015 | $0.53125000 | $0.5312500 | $0.00 | $0.00 | ||||||||||
| 04/01/2015 | 04/15/2015 | $0.53125000 | $0.5312500 | $0.00 | $0.00 | ||||||||||
| 01/01/2015 | 01/15/2015 | $0.53125000 | $0.5312500 | $0.00 | $0.00 | ||||||||||
| $2.12500000 | $2.1250000 | $0.00 | $0.00 | ||||||||||||
Dynex Capital, Inc. Series B Preferred Stock (CUSIP 26817Q803) | |||||||||||||||
Dividend Record Date | Payment Date | Dividends per Share | Ordinary Income | Capital Gain Distribution | Return of Capital | ||||||||||
| 10/01/2015 | 10/15/2015 | $0.47656250 | $0.47656250 | $0.00 | $0.00 | ||||||||||
| 07/01/2015 | 07/15/2015 | $0.47656250 | $0.47656250 | $0.00 | $0.00 | ||||||||||
| 04/01/2015 | 04/15/2015 | $0.47656250 | $0.47656250 | $0.00 | $0.00 | ||||||||||
| 01/01/2015 | 01/15/2015 | $0.47656250 | $0.47656250 | $0.00 | $0.00 | ||||||||||
| $1.90625000 | $1.90625000 | $0.00 | $0.00 | ||||||||||||
Dividend Reinvestment
Dividends may be reinvested through the Dynex Capital, Inc. Dividend Reinvestment Plan. Plan information may be obtained from the Company’s transfer agent, Computershare, at 1-866-280-0407.
Tax Disclaimer
The information above should not be construed as tax advice and is not a substitute for careful tax planning and analysis. You should consult your own tax advisor regarding the specific federal, state, local, foreign and other tax consequences to you regarding your ownership of shares of the Company’s Common and Preferred stock.
Dynex Capital, Inc. is an internally managed mortgage real estate investment trust, or mortgage REIT, which invests in mortgage assets on a leveraged basis. The Company invests in Agency and non-Agency RMBS and CMBS. The Company also has investments in securitized single-family residential and commercial mortgage loans originated or purchased by the Company during the 1990s. Additional information about Dynex Capital, Inc. is available at www.dynexcapital.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160211006398/en/
Contacts:
Alison Griffin, 804-217-5897
