Dynex Capital Co-CEO Smriti Popenoe explains why the company’s core philosophy centers on ethical stewardship — and why today’s environment in agency mortgage-backed securities represents one of the most compelling setups she’s ever seen. At Dynex, management views investor capital as their responsibility, not just an input. With leadership holding significant ownership in the company, their incentives are tightly aligned with shareholders. Dynex currently pays a 16 percent+ dividend yield, offering a major cushion against market volatility while still providing meaningful income. On top of that, Popenoe believes the opportunity in agency mortgage-backed securities is historic, presenting the potential for substantial total returns alongside high income. For investors looking for: • double-digit yield • management with skin in the game • exposure to a rare market opportunity • a long-term, stewardship-first mindset Dynex is positioning itself as a company built for shareholders who...