05:08 PM EDT, 06/05/2024 (MT Newswires) -- Dynex Capital ( DX ) said late Wednesday it plans to sell 10.5 million shares in an underwritten public offering, with BTIG as the book-running manager.

The company said it intends to grant its underwriters a 30-day option to buy up to an additional 1.6 million shares.

Proceeds from the offering will be used for additional investments and general corporate purposes, the company said.

Shares of Dynex Capital ( DX ) were down about 3.2% in recent after-hours activity.

Price: 12.07, Change: -0.40, Percent Change: -3.22