SFC Spirit Fin Corp

Spirit Finance Corporation (NYSE:SFC), a real estate investment trust focused on single tenant, operationally essential real estate, has declared a cash dividend of $0.21 per common share for the first quarter ending March 31, 2006. The dividend is payable April 25, 2006 to stockholders of record on April 15, 2006. 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, drugstores, educational facilities, movie theatres, restaurants, supermarkets, and other retail, distribution and service businesses. Additional information about Spirit Finance Corporation is available on the Company's website at www.spiritfinance.com.