<SEC-DOCUMENT>0001225385-20-000268.txt : 20201106
<SEC-HEADER>0001225385-20-000268.hdr.sgml : 20201106
<ACCEPTANCE-DATETIME>20201106134604
ACCESSION NUMBER:		0001225385-20-000268
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20201027
FILED AS OF DATE:		20201106
DATE AS OF CHANGE:		20201106

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Coronado Julia Lynn
		CENTRAL INDEX KEY:			0001693839

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09819
		FILM NUMBER:		201293661

	MAIL ADDRESS:	
		STREET 1:		MTGE INVESTMENT CORP.
		STREET 2:		2 BETHESDA METRO CENTER, 12TH FLOOR
		CITY:			BETHESDA
		STATE:			MD
		ZIP:			20814

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DYNEX CAPITAL INC
		CENTRAL INDEX KEY:			0000826675
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				521549373
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		4991 LAKE BROOK DRIVE
		STREET 2:		STE 100
		CITY:			GLEN ALLEN
		STATE:			VA
		ZIP:			23060
		BUSINESS PHONE:		8042175800

	MAIL ADDRESS:	
		STREET 1:		4991 LAKE BROOK DRIVE
		STREET 2:		STE 100
		CITY:			GLEN ALLEN
		STATE:			VA
		ZIP:			23060

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RESOURCE MORTGAGE CAPITAL INC/VA
		DATE OF NAME CHANGE:	19930722

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RESOURCE MORTGAGE INVESTMENT CORP
		DATE OF NAME CHANGE:	19930505

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RAC MORTGAGE INVESTMENT CORP /VA/
		DATE OF NAME CHANGE:	19930505
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>edgar.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2020-10-27</periodOfReport>

    <noSecuritiesOwned>1</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000826675</issuerCik>
        <issuerName>DYNEX CAPITAL INC</issuerName>
        <issuerTradingSymbol>DX</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001693839</rptOwnerCik>
            <rptOwnerName>Coronado Julia Lynn</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O DYNEX CAPITAL, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>4991 LAKE BROOK DRIVE, SUITE 100</rptOwnerStreet2>
            <rptOwnerCity>GLEN ALLEN</rptOwnerCity>
            <rptOwnerState>VA</rptOwnerState>
            <rptOwnerZipCode>23060</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <remarks></remarks>

    <ownerSignature>
        <signatureName>Alison G. Griffin, attorney-in-fact</signatureName>
        <signatureDate>2020-11-06</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>poa_coronado.txt
<DESCRIPTION>POA_CORONADO
<TEXT>
SECTION 16
POWER OF ATTORNEY


I, Julia L. Coronado, do hereby constitute and appoint
Stephen J. Benedetti, Alison G. Griffin, Susan S.
Ancarrow and Elizabeth P. Davis my true and lawful
attorneys-in-fact, any of whom acting singly is
hereby authorized, for me and in my name and
on my behalf as a director, officer and/or
shareholder of Dynex Capital, Inc., to (i)
prepare, execute in my name and on my behalf,
and submit to the U.S. Securities and Exchange
Commission (the "SEC") a Form ID, including
any necessary amendments thereto, and any
other documents necessary or appropriate to obtain
or update codes and passwords enabling me to
make electronic filings with the SEC of reports
required by Section 16(a) of the Securities
Exchange Act of 1934 or any rule or regulation
of the SEC in respect thereof; and (ii) prepare,
execute and file any and all forms, instruments
or documents, including any necessary amendments
thereto, as such attorneys or attorney deems
necessary or advisable to enable me to comply
with Section 16 of the Securities Exchange Act of
1934 or any rule or regulation of the SEC in respect
thereof (collectively, "Section 16").

I do hereby ratify and confirm all acts my said
attorney shall do or cause to be done by virtue
hereof.  I acknowledge that the foregoing
attorneys-in-fact, serving in such capacity at
my request, are not assuming, nor is
Dynex Capital, Inc. assuming, any of my
responsibilities to comply with Section 16.

This power of attorney shall remain in
full force and effect until it is revoked
by the undersigned in a signed writing
delivered to each such attorney-in-fact
or the undersigned is no longer required to c
omply with Section 16, whichever occurs first.

WITNESS the execution hereof this 3rd day of November, 2020.


/s/ Julia L. Coronado
Julia L. Coronado


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
