Dynex has cash to repay notes on July 15

New York, June 4 - Dynex Capital, Inc. said it has enough cash and equivalents to repay its outstanding 7.875% senior notes when they mature on July 15.

The Glen Allen, Va. real estate investment trust said $48.1 million of principal and interest is due on the maturity date.

Once the senior notes are repaid, Dynex's only recourse debt will be capital leases of less than $150,000, the company said.

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