2008-07-17 23:59:09 -

www.dynexcapital.com - Dynex Capital, Inc. (NYSE:DX) announced today that it will release its second quarter 2008 results after the market closes on Tuesday, July 22, 2008, and will hold a conference call at 10:00 A.M. EDT on Wednesday, July 23, 2008 to discuss the results. The press release will be available online at www.dynexcapital.com under "Investor Relations/Recent News." Dial-in information with respect to the call will be included in the release announcing the second quarter results.

Dynex Capital, Inc. is a specialty finance company that elects to be treated as a real estate investment trust (REIT) for federal income tax purposes. Additional information about Dynex Capital, Inc. is available at www.dynexcapital.com.

"Safe Harbor" Statement under the Private Securities

Litigation Reform Act of 1995: Statements in this press release regarding Dynex Capital, Inc.'s business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of these risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report on Form 10-K and other reports filed with the Securities and Exchange Commission.

Dynex Capital, Inc.
Alison Griffin, 804-217-5897