826675--4/2/2007--DYNEX_CAPITAL_INC

related topics
{investment, property, distribution}
{tax, income, asset}
{loss, insurance, financial}
{system, service, information}
{interest, director, officer}
{personnel, key, retain}
{condition, economic, financial}
{loan, real, estate}
{regulation, change, law}
Our ownership of certain subordinate interests in securitization trusts subjects us to credit risk on the underlying loans, and we provide for loss reserves on these loans as required under GAAP. Certain investments employ internal structural leverage as a result of the securitization process, and are in the most subordinate position in the capital structure, which magnifies the potential impact of adverse events on our cash flows and reported results. Our efforts to manage credit risk may not be successful in limiting delinquencies and defaults in underlying loans or losses on our investments. We may be unable to invest in new assets with attractive yields, and yields on new assets in which we do invest may not generate attractive yields, resulting in a decline in our earnings per share over time. Prepayments of principal on our investments, and the timing of prepayments, may impact our reported earnings and our cash flows. We finance a portion of our investment portfolio with short-term recourse repurchase agreements which subjects us to margin calls if the assets pledged subsequently decline in value. We may be subject to the risks associated with inadequate or untimely services from third-party service providers, which may harm our results of operations. Interest rate fluctuations can have various negative effects on us, and could lead to reduced earnings and/or increased earnings volatility. Our reported income depends on accounting conventions and assumptions about the future that may change. Failure to qualify as a REIT would adversely affect our dividend distributions and could adversely affect the value of our securities. Maintaining REIT status may reduce our flexibility to manage our operations. We may fail to properly conduct our operations so as to avoid falling under the definition of an investment company pursuant to the Investment Company Act of 1940. We are dependent on certain key personnel.

Full 10-K form ▸

related documents
826675--3/31/2006--DYNEX_CAPITAL_INC
1230358--3/15/2007--ARC_CORPORATE_REALTY_TRUST_INC
899749--2/25/2008--HEALTHCARE_REALTY_TRUST_INC
892535--3/1/2007--THORNBURG_MORTGAGE_INC
892535--3/7/2006--THORNBURG_MORTGAGE_INC
1253986--3/15/2006--ARBOR_REALTY_TRUST_INC
1077030--3/31/2006--IBF_VI_GUARANTEED_INCOME_FUND
1045548--3/1/2006--TE_PRODUCTS_PIPELINE_CO_LP
1278438--3/31/2008--DEX_MEDIA_WEST_LLC
30419--3/13/2008--R_H_DONNELLEY_CORP
910108--3/1/2007--LEXINGTON_REALTY_TRUST
1040554--3/2/2006--CARRAMERICA_REALTY_L_P
1082471--4/3/2006--INTEGRITY_FINANCIAL_CORP
30419--3/16/2006--R_H_DONNELLEY_CORP
1065310--3/16/2006--R_H_DONNELLEY_CORP
1065310--3/28/2007--DONNELLEY_R_H_INC
1212113--3/30/2007--DEX_MEDIA_EAST_LLC
30419--3/15/2007--R_H_DONNELLEY_CORP
102588--10/15/2007--SONOMAWEST_HOLDINGS_INC
1052752--3/17/2008--GETTY_REALTY_CORP_/MD/
899749--2/22/2010--HEALTHCARE_REALTY_TRUST_INC
1038459--2/12/2010--O_A_K_FINANCIAL_CORP
926660--2/27/2009--AIMCO_PROPERTIES_LP
1278438--3/30/2007--DEX_MEDIA_WEST_LLC
1294345--3/31/2008--BLACKHAWK_CAPITAL_GROUP_BDC_INC
926660--2/26/2010--AIMCO_PROPERTIES_LP
1234006--2/27/2008--GLADSTONE_COMMERCIAL_CORP
1230358--3/12/2008--ARC_CORPORATE_REALTY_TRUST_INC
1234006--2/25/2009--GLADSTONE_COMMERCIAL_CORP
1004434--2/29/2008--AFFILIATED_MANAGERS_GROUP_INC