A&O Shearman Advises Underwriters in Dynex Capital Series D Preferred Stock Offering

A&O Shearman represented Morgan Stanley, as left‑lead bookrunner, and the other underwriters of Dynex Capital, Inc. in connection with the public offering described below. The transaction comprised a public offering of 4.8 million shares of Dynex Capital’s newly designated 9.375% Series D Fixed‑Rate Cumulative Redeemable Preferred Stock at a public offering price of USD 25.00 per share. The Series D Preferred Stock has been registered and listed on the New York Stock Exchange under the symbol DXPRD. Dynex Capital is a real estate investment trust that aims to deliver dividends to shareholders supported by long‑term returns from investments in mortgage assets backed by U.S. housing and commercial real estate. The company is internally managed and invests primarily in mortgage‑backed securities backed by residential and commercial mortgage loans, which are primarily agency securities guaranteed by U.S. government‑sponsored enterprises. A&O Shearman represented Morgan Stanley, as left‑lead bookrunner, and the other underwriters of Dynex Capital with a team composed by: Capital Markets partners Ryan Robski (Partner, Toronto) and Michael Kim (Partner, New York); associates Tianwei Liu (Associate, New York) and Joe Tambasco (Associate, New York); law clerk Ayako Naruke (Law Clerk, New York); partners Lorenz Haselberger (Partner, New York) and Derek Kershaw (Partner, New York); counsel Taylor Pugliese (Counsel, New York); and associate Anna Armao (Associate, New York).

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A&O Shearman Advises Underwriters in Dynex Capital Series D Preferred Stock Offering

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A&O Shearman Advises Underwriters in Dynex Capital Series D Preferred Stock Offering

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