Close

Form 11-K DYNEX CAPITAL INC For: Dec 31

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 4/25/2024

1. META
2. CMG
3. LRCX
4. IBM
5. SPY
6. BA
7. HCP
8. SNAP
9. TMUS
10. MSFT


June 15, 2021 10:05 AM EDT

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 11-K
 
(Mark One)
þANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 
For the fiscal year ended December 31, 2020
 
OR
oTRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 
For the transition period from                      to                     

Commission file number: 1-9819
 
A.Full title of the plan and the address of the plan, if different from that of the issuer named below:
 
Dynex Capital, Inc. 401(k) Plan
(as restated effective October 3, 2016)

B.Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
 
Dynex Capital, Inc.
4991 Lake Brook Drive, Suite 100
Glen Allen, Virginia 23060-9245



Dynex Capital, Inc. 401(k) Plan
(as restated effective October 3, 2016)
Glen Allen, Virginia 23060-9245




 
Table of Contents
 
Items 1-3
Item 4
Statement of Plan Assets and Liabilities
Statement of Income and Expenses
Signatures




Required Information

Items 1-3.  The Dynex Capital, Inc. 401(k) Plan (as restated effective October 3, 2016) (the “Plan”) is subject to the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). Therefore, in lieu of the requirements of Items 1-3 of Form 11-K, attached are the financial statements of the Plan as of and for the fiscal year ended December 31, 2020, which have been prepared in accordance with the financial reporting requirements of ERISA.

Item 4.  Pursuant to Sections 103 and 104 of ERISA, and the regulations thereunder, the Plan is not required to file audited financial statements because the Plan has fewer than 100 participants.

 

1


Dynex Capital, Inc. 401(k) Plan
(as restated effective October 3, 2016)

Statement of Plan Assets and Liabilities

December 31, 2020December 31, 2019
PLAN ASSETS  
Mutual Funds$8,851,181 $7,205,406 
Corporate Stocks (Employer Stock)1,058,353 855,907 
Participant Loan Receivable62,590 51,371 
Total Plan Assets9,972,124 8,112,684 
PLAN LIABILITIES 
Other Liabilities— — 
Total Plan Liabilities— — 
NET PLAN ASSETS$9,972,124 $8,112,684 

2






Dynex Capital, Inc. 401(k) Plan
(as restated effective October 3, 2016)

Statement of Income and Expenses
Year Ended
December 31,
2020
INCOME
Contributions – Company Matching$219,686 
Contributions – Participant314,217 
Net Appreciation in Fair Value of Investments1,180,716 
Interest and Dividends239,351 
Interest on Participant Loans3,391 
Total Income1,957,361 
EXPENSES
Payments to Participants73,869 
Administrative Expenses24,052 
Total Expenses97,921 
NET INCOME1,859,440 
Net Plan Assets, Beginning of Year8,112,684 
Net Plan Assets, End of Year$9,972,124 
3

SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the administrators of the Dynex Capital, Inc. 401(k) Plan (as restated effective October 3, 2016) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
 
  DYNEX CAPITAL, INC. 401(k) PLAN
(as restated effective October 3, 2016)
   
   
Date: June 15, 2021By:/s/ Stephen J. Benedetti
  Stephen J. Benedetti
Executive Vice President, Chief Financial Officer
& Chief Operating Officer
Dynex Capital, Inc., Plan Administrator

4

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

SEC Filings