Dynex Capital, Inc. Announces First Quarter 2010 Results.

Business WireApril 27, 2010

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Dynex Capital, Inc. Announces First Quarter 2010 Results.

GLEN ALLEN, Va. -- Dynex Capital, Inc. (NYSE: DX) reported its results today for the first quarter of 2010. Highlights include:

* Net income to common shareholders for the first quarter of 2010 of $0.30 per diluted common share versus $0.18 per diluted common share for the first quarter of 2009;

* Net interest income of $7.2 million in the first quarter of 2010 versus $5.0 million in the first quarter of 2009 as a result of a larger investment portfolio and declining borrowing costs;

* Net interest spread of 2.98% for the first quarter of 2010 versus 2.82%...

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