Lua Code:
text:SetPoint("TOPLEFT", 5, -15)
text:SetSize(raidLockoutFrame:GetWidth() - 10, 12) -- fixed with/height
Adjust numbers to suit.
If the string itself has new line characters (\n) they will need to be stripped out:
Code:
raidLockoutFrame.text:SetText(gsub(CreateLockoutText(), "\n", " "))
I'm not sure where CreateLockoutText() comes from because it doesn't seem to be a Blizzard function so maybe that can be altered to return something useful?