January 27, 2010 Board of Trustees The Alerian MLP Funds Trust
Exhibit
28(l)
January
27, 2010
Board of
Trustees
0000
XxXxxxxx Xxx., Xxxxx 0000
Dallas,
Texas 75201
Re: Initial
Seed Capital Subscription Agreement
To the
Board of Trustees:
In order to provide The Alerian MLP
Funds Trust (the “Trust”) with initial capital so as to enable the public
offering of shares of the Trust, Alerian Fund Advisors, LLC (“AFA”) hereby
subscribes to purchase from the Trust 10,000 Class I Shares of Alerian MLP
Select 40 Fund at net asset value of $10.00 per share for a total of $100,000
upon demand by you.
AFA represents and warrants that such
purchase of shares is being made for investment purposes and not with a view
towards the distribution thereof; and without any present intention of selling
such shares.
|
Very
truly yours,
Alerian Fund Advisors, LLC
|
|||
|
|
By:
|
/s/ Xxxxxxx Xxxxxxx | |
| Xxxxxxx Xxxxxxx, Managing Member | |||
