DX CAPITAL INC.

Dynex Capital, Inc. and its Subsidiaries and Affiliates, is a mortgage and consumer finance company which uses its loan production operations to create investments for its portfolio. Currently, the Company's primary production operations include the origination of mortgage loans secured by multi-family properties and the origination of loans secured by manufactured homes. The Company has recently expanded its production activities to include commercial real estate loans and may expand into other financial products in the future. We employ a global, top-down macroeconomic approach that informs our disciplined risk management—guiding asset allocation and protecting investor value across market cycles. Our focus on developing strong decision-making teams with mental resilience at their core ensures each team member is equipped to navigate complex markets and make sound investment choices. We rely on robust, systematic processes that ensure consistency and oversight in every investment decision.