DX portfolio surges 42% to $26.1B; book value +$0.95/share on spread tightening; $391M raised

Filed July 27, 2026 · Period ending June 30, 2026 · Compared to 10-Q Jul 28, 2025 · ~2 min read

Key Changes

• high

  Investment portfolio grew $8.2B (42%) to $26.1B in H1 2026, adding over $10B of Agency RMBS; book value per share rose to $12.90 from $11.95 a year earlier on spread tightening and effective hedging.

  MD&A: Portfolio Size and Book Value verify on EDGAR →
• high

  Net income swung to $178M in Q2 2026 from a $16M loss in Q2 2025; six-month net income $95M vs. $21M loss prior year, driven by improved derivative performance and higher net interest income.

  Notes: Net Income verify on EDGAR →
• high

  Raised $391M net capital in Q2 2026 vs. $282M in Q2 2025, deploying proceeds into $2.8B of Agency MBS; subsequent to quarter-end, issued 10M shares through ATM for $129M net proceeds.

  MD&A: Capital Raised; Notes: Subsequent Events verify on EDGAR →