Dynex Capital, Inc. (NYSE: DX), a real estate investment trust, announced the appointment of Douglas Neal as an independent director to its board of directors, effective June 15, 2026.

Neal has been assigned to serve on the board's Audit Committee and Compensation Committee and is expected to stand for re-election at the company's 2027 Annual Meeting of Shareholders.

Neal spent more than 20 years in investment banking, including as a Senior Managing Director at BofA Merrill Lynch, where he was a founding member of the firm's Real Estate Banking Group. During that time, he advised on more than $50 billion of mergers and acquisitions, public offerings, and capital raising transactions.

He currently manages real estate investments and advises early-stage property technology companies. He also serves as an independent board member of Burroughs & Chapin Company, Inc., a privately owned real estate company, and as Chairperson of The Boost Pad, a nonprofit focused on expanding access to entrepreneurship.

"We are pleased to welcome Doug to the Board as an independent director," said Byron Boston and Smriti Popenoe, Co-Chief Executive Officers of Dynex, according to a press release statement. "His leadership background, including prior public company board service, and his familiarity with the mortgage REIT sector will be valuable as we continue to scale the business."