Dynex Capital Elects New Member To Board Of Directors.GLEN ALLEN Glen Allen is the name of several places in the United States of America:
See: New York Stock Exchange : DX) announced today the election of Barry S. Shein to the Board of Directors. The election of Mr. Shein increases the number of board members from five to six, five of whom are outside directors. Mr. Shein has been the President and owner of The Commodore One of the first personal computer companies. In 1977, Commodore Business Machines, West Chester, PA, introduced the PET computer and launched the personal computer industry along with Apple and Radio Shack. In 1982, it introduced the Commodore 64 (64K RAM) and later the Commodore 128. Corporation since 1990. The Commodore Corporation is a manufacturer of manufactured homes, and it owns and operates six manufacturing facilities. For twelve years prior, Mr. Shein served as an officer of The Equity Group in Illinois, a multi- faceted real estate owner and investor. Mr. Shein is also a certified public accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. . Thomas H. Potts, President, in commenting on the election, "The Board of Directors recognizes that Mr. Shein's extensive knowledge and expertise in the manufactured housing Manufactured housing (also known as prefab housing) is a type of housing unit that is largely assembled in factories and then transported to sites of use. In the United States, the term "manufactured home" specifically refers to a house built entirely in a protected industry will be advantageous to the Company's continued growth." Dynex Capital, Inc. is a self-managed real estate investment trust that originates, services, securitizes and invests primarily in residential mortgage loans and securities. The Company's strategy is to use its production operations to create investments for its portfolio, and, as a result, steadily increase its net interest margin income and earnings per share over time. Note: This document contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. (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 Companys actual results could differ materially from those anticipated in these forward looking statements as a result of unforeseen external factors. As discussed in the Companys filings with the SEC, these factors may include, but are not limited to, changes in general economic conditions, fluctuations in interest rates, increases in costs and other general competitive factors.
CONTACT: Dynex Capital
Kathy Fern, 804/217-5800
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