Dynex Capital, Inc. (NYSE: DX) announced today that Thomas Akin, Chairman and Chief Executive Officer and other members of the Company's executive management team are scheduled to present at the FBR Capital Markets 2009 Fall Investor Conference at the Grand Hyatt New York on Tuesday, December 1, 2009 at 3:50 p.m. Eastern Time. A copy of the Company's presentation and a live audio webcast will be accessible online at www.dynexcapital.com under "Investor Relations/Event Calendar". A replay of the webcast will be available on the Company's website for 90 days.

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 the business of Dynex Capital, Inc. 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.

Contacts:

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