SFC Spirit Fin Corp

Spirit Finance Corporation (NYSE: SFC) (the �Company� or �Spirit Finance�) today announced that the acquisition of the Company through a merger with Redford Merger Co., which is owned by a consortium of investors including Macquarie Bank Limited, Kaupthing Bank hf. and other independent equity participants (collectively, the �Consortium�), has been completed. Pursuant to the terms of the merger agreement, the Company�s stockholders will be entitled to receive cash consideration of $14.50 per common share. As a result of the merger, Spirit Finance�s stock will no longer be listed for trading on the New York Stock Exchange. As previously announced, in connection with the completion of the merger, the Company declared a cash dividend of $0.076521 per common share covering the prorated period beginning July 1, 2007 to today, the effective date of the merger. The dividend is payable on August 3, 2007 to stockholders of record as of July 31, 2007. About Spirit Finance Corporation Spirit Finance Corporation provides customized, flexible sale/leaseback financing solutions for single tenant, operationally essential real estate assets that are vital to the operations of retail, service and distribution companies. The Company�s core markets include free-standing automotive dealers, parts and service facilities, drugstores, educational facilities, movie theaters, restaurants, supermarkets, and other retail, distribution and service businesses. Additional information about Spirit Finance Corporation is available on its website at www.spiritfinance.com. Forward Looking Statements Statements contained in this press release which are not historical facts are forward-looking statements as the term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by the use of words such as �expects,� �plans,� �estimates,� �projects,� �intends,� �believes,� �guidance,� and similar expressions that do not relate to historical matters. These forward-looking statements are subject to risks and uncertainties which can cause actual results to differ materially from those currently anticipated, due to a number of factors which include, but are not limited to, continued ability to source new investments, changes in interest rates and/or credit spreads, changes in the real estate markets, and other risk factors discussed in Spirit Finance Corporation�s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other documents filed by the Company with the Securities and Exchange Commission from time to time. All forward-looking statements in this press release are made as of today, based upon information known to management as of the date hereof, and the Company assumes no obligations to update or revise any of its forward-looking statements even if experience or future changes show that indicated results or events will not be realized.