Dynex Capital, Inc. Terminates Agreement and Plan of Merger With California Investment Fund.Business Editors GLEN ALLEN, Va.--(BUSINESS WIRE)--Jan. 26, 2001 Dynex Capital, Inc. (NYSE NYSE See: New York Stock Exchange : DX) announced today that it has exercised its right to terminate the Agreement and Plan of Merger entered into by the Company and California Investment Fund, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control on November 7, 2000, as amended, in accordance with the terms and conditions of said Agreement for failure to comply with certain terms of the Agreement. In addition, the Company has made claim under the Escrow Agreement Escrow Agreement A certificate provided by an approved bank that guarantees the indicated securities are deposited at that particular bank. Notes: For example, an investor who writes a call option and can present an escrow agreement is considered covered. between the parties for the Escrow Amount. 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. |
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