Dynex Capital Inc. Announces Promotion of Byron Boston to President and Appointment to the Board
March 06, 2012 at 02:48 am IST
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Dynex Capital Inc. announced the promotion of Byron L. Boston to President and his appointment to the Board of Directors effective March 1, 2012. Mr. Boston will retain his Chief Investment Officer duties. Mr. Boston brings over 28 years of experience in the financial services industry, including four years at Dynex as Executive Vice President, Chief Investment Officer. Mr. Boston has extensive experience in investing in and managing fixed income securities. Between 1981 and 1997 Mr. Boston worked as a banker and mortgage-backed securities trader with Chemical Bank, Credit Suisse First Boston and Lehman Brothers.
Dynex Capital, Inc. is an internally managed mortgage real estate investment trust (REIT), which invests in mortgage-backed securities (MBS). The Companyâs objective is to provide attractive risk-adjusted returns to its shareholders over the long term that are reflective of a leveraged, high quality fixed income portfolio with a focus on capital preservation. The Company seeks to provide returns to its shareholders primarily through the payment of regular dividends and through capital appreciation of its investments. The Company primarily invested in Agency MBS, including residential MBS (Agency RMBS). Its investment portfolio also comprised of Agency commercial MBS (Agency CMBS) and Agency and non-Agency CMBS interest-only (CMBS IO) securities.
DYNEX CAPITAL, INC. 
