Dynex Capital, Inc. Promotes Smriti L. Popenoe to President
December 18, 2020 at 12:24 pm EST
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Dynex Capital, Inc. announced the promotion of Smriti L. Popenoe to President, effective immediately. Ms. Popenoe’s 27-year career in finance and capital markets spans a broad range of financial institutions with experience across multiple business and market cycles. She spent the last six years at Dynex Capital, Inc., serving as Executive Vice President, Co-Chief Investment Officer. Ms. Popenoe will retain her Co-Chief Investment Officer duties. Since 2014, Ms. Popenoe has led the team responsible for the Company’s investment portfolio's day-to-day management. Prior to Dynex, she served as Executive Vice President, Chief Risk Officer at PHH Corporation.
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. 
