Basic Capital Management, Inc., American Realty Trust, Inc., Transcontinental Realty Investors, Inc., Continental Poydras Corp., Continental Common, Inc., and Continental Baronne, Inc. v. Dynex Commercial, Inc. and Dynex Capital, Inc.

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April 01, 2011 Mr. Thomas R. Phillips Baker Botts L.L.P. 98 San Jacinto Center, Suite 1500 Austin, TX 78701 Ms. Deborah G. Hankinson Hankinson Levinger LLP 750 N. St. Paul St., Suite 1800 Dallas, TX 75201 Ms. Melissa J. Armstrong Baker Botts L.L.P. 2001 Ross Avenue, Suite 600 Dallas, TX 75201 RE: Case Number: 08-0244 Court of Appeals Number: 05-04-01358-CV Trial Court Number: 03-00675 Style: BASIC CAPITAL MANAGEMENT, INC., AMERICAN REALTY TRUST, INC., TRANSCONTINENTAL REALTY INVESTORS, INC., CONTINENTAL POYDRAS CORP., CONTINENTAL COMMON, INC., AND CONTINENTAL BARONNE, INC. v. DYNEX COMMERCIAL, INC. AND DYNEX CAPITAL, INC. Dear Counsel: Today the Supreme Court of Texas issued an opinion in the above- referenced cause. You may obtain a copy of the opinion at: http://www.supreme.courts.state.tx.us/historical/recent.asp. If you would like the opinion by email, please contact Claudia Jenks at claudia.jenks@txcourts.gov or call (512)463-1312 ext. 41367. The Motion for Leave to Amend Petition for Review is dismissed as moot. Sincerely, [pic] Blake A. Hawthorne, Clerk by Claudia Jenks, Chief Deputy Clerk Enclosure |cc:|Ms. Lisa Matz | | |Mr. Gary | | |Fitzsimmons |