Item 8.01 Other Events.

On November 12, 2012, Dynex Capital, Inc. (the "Company") issued a press release announcing that the Company's Board of Directors authorized the repurchase of up to $50 million of the Company's outstanding shares of common stock through December 31, 2014. A copy of the press release is attached as Exhibit 99.1 to this report and is incorporated by reference into this Item 8.01.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits Exhibit No. Description 99.1 Press Release dated November 12, 2012

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