Dynex Capital Inc (NYSE:DX) shares are trading lower by 4.1% to $11.95 during Thursday’s session after the company announced it has priced an underwritten public offering of 10.5 million shares of common stock, aiming to raise approximately $126 million before deductions for underwriting discounts, commissions and expenses.
Additionally, the company has given underwriters a 30-day option to purchase up to an extra 1.575 million shares. The offering, pending customary closing conditions, is expected to close on June 7. BTIG is serving as the sole book-running manager for the offering.
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DX) Shares Are Moving>Full story available on Benzinga.com