This doesn'n work in the current implementation unfortunately. You can use
Edit :: Lines manipulation :: Join lines
after inserting the respective text at line ends: 
Edit :: Lines manipulation :: Insert into lines (Alt+I) 
or 
replace RE 
$ >> the string you need.

Or you can try the addon script for multiline replace (limited regexp support
currently)
http://forum.pspad.com/read.php?2,34061,page=3#msg-35180

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