Form 144 - Report of proposed sale of securities

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144: Remarks and Signature

Remarks	The proposed sale to which this Form 144 relates is being made in connection with the Dynex Capital, Inc. 401(k) Plan no longer offering Dynex Capital, Inc. common stock as an investment option. All such shares held by the filer through the Dynex Capital, Inc. 401 (k) Plan as of 08/30/2024 are proposed to be sold by the plan trustee. Aggregate Market Value is as of 08/29/2024 and Number of Shares Outstanding is as of 07/24/2024. The shares proposed to be sold were acquired by the filer through the Dynex Capital, Inc. 401(k) Plan in multiple transactions between 2014 and 08/01/2024 pursuant to participant investment elections, company match contributions, and dividend reinvestments under such plan.
Date of Notice	08/29/2024
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	Smriti L. Popenoe
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)