Dynex Capital, Inc. Extends Exclusive Period With California Investment Fund.Business Editors GLEN ALLEN, Va.--(BUSINESS WIRE)--Oct. 23, 2000 Dynex Capital, Inc. (NYSE NYSE See: New York Stock Exchange : DX) announced today that it has extended until October 27, 2000 the exclusivity period referenced in the letter agreement dated September 29, 2000 between the Company and California Investment Fund, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ("CIF (1) (Common Intermediate Format) A standard video format used in videoconferencing. CIF formats are defined by their resolution, and standards both above and below the original resolution have been established. The original CIF is also known as Full CIF (FCIF). "), a private real estate investment company, relating to the proposal by CIF to acquire 100% of the equity of the Company for $90 million in cash. The Company has been informed by CIF that CIF plans to file an amendment to its Schedule 13D Schedule 13D An form that must be filed with the SEC under Rule 13D when a person or group acquiring more than 5% of any class of a company's shares to disclose this information within 10 days of the transaction. with the Securities and Exchange Commission with the extension of the letter agreement as an exhibit. The original letter agreement was filed with the SEC on October 3, 2000 by CIF as an amendment to its Schedule 13D. Dynex Capital, Inc. is a financial services company that elects to be treated as a real estate investment trust (REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). ) for federal income tax purposes. Note: This document contains "forward-looking statements" (within the meaning of the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act of 1995) that inherently involve risks and uncertainties. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of unforeseen external factors. As discussed in the Company's filings with the SEC, these factors may include, but are not limited to, changes in general economic conditions, disruptions in the capital markets, fluctuations in interest rates, increases in costs and other general competitive factors. |
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