SandRidge Mississippian Trust I - 2011-04-07

Raised $315 million in an initial public offering of 15 million units at $21 per unit. The units were priced at the high end of the trust's range between $19 to $21, and were increased to 15 million units following an original filing to offer 12.5 million units.

The underwriters have 30 days to exercise an option to purchase an additional 2.25 million common units from the trust to cover over-allotments, if any.

Raymond James & Associates Inc. and Morgan Stanley & Co. Inc. are joint book-running managers. Wells Fargo Securities LLC and RBC Capital Markets LLC are co-lead managers, and Oppenheimer & Co. Inc., Madison Williams and Co. LLC, Morgan Keegan & Co. Inc., Robert W. Baird & Co. Inc. and Wunderlich Securities Inc. are co-managers.