Exhibit 99.4
Monthly Investor Report: Verizon Master Trust - VZMT 2024-3
| Collection Period |
Payment Date |
Transaction Month |
Series Status at End of Prior Payment Date | |||||||||||||
| April 2026 | 05/20/2026 | 25 | Revolving | |||||||||||||
| Offered Notes |
Anticipated Redemption Date |
Final Maturity Date |
Issuance Note |
SOFR:Days in the Interest Period |
Note Interest Rate |
SOFR Adjustment Date |
SOFR30A | Total | ||||||||||||||
| Class A-1a |
4/20/27 |
04/22/2030 |
$604,635,000.00 |
5.34% |
5.34 | % | ||||||||||||||||
| Class A-1b |
4/20/27 |
04/22/2030 |
$175,000,000.00 |
30 |
SOFR +0.58% |
05/13/2026 | 3.64285 | % | 4.22 | % | ||||||||||||
| 2024-3 |
||||||||||||||||||||||
| Class B |
4/20/27 |
04/22/2030 |
$59,605,000.00 |
5.54% |
5.54 | % | ||||||||||||||||
| Class C |
4/20/27 | 04/22/2030 | $35,760,000.00 | 5.73% | 5.73 | % | ||||||||||||||||
|
|
||||||||||||||||||||||
| Total |
$875,000,000.00 |
|||||||||||||||||||||
|
|
||||||||||||||||||||||
| Series 2024-3 Allocation % x Group One Available Funds | $ | 58,113,871.90 | ||
| Amounts paid by the Cap Counterparty |
N/A | |||
| Available Subordinated Amounts |
$ | 0.00 | ||
| Amounts drawn on the Reserve Account |
$ | 0.00 | ||
| Amounts released from Principal Funding Account |
$ | 0.00 | ||
| Any amounts deposited by the Class A Certificateholder in connection with an Optional Redemption |
||||
| Total Available Funds |
$ | 58,113,871.90 | ||
| Beginning of Period Reserve Account Balance |
$ | 9,536,784.74 | ||
| Required Reserve Amount |
$ | 9,536,784.74 | ||
| Shortfall in Required Reserve Amount |
$ | 0.00 | ||
| Reserve Account funds needed this period (True/False) |
FALSE | |||
| Reserve Account draw amount required |
0.00 | |||
| Reserve Account Deposit Amount |
$ | 0.00 | ||
| End of Period Reserve Account Balance |
$ | 9,536,784.74 | ||
| Waterfall Distribution |
Amount Due | Amount Paid | Shortfall | Carryover Shortfall | Remaining Available Funds | |||||||||||||||
| Master Collateral Agent Fee |
$ | 64.43 | $ | 64.43 | $ | 0.00 | $ | 0.00 | $ | 58,113,807.47 | ||||||||||
| Owner Trustee Fee |
$ | 15,000.00 | $ | 15,000.00 | $ | 0.00 | $ | 0.00 | $ | 58,098,807.47 | ||||||||||
| Asset Representations Reviewer Fee |
$ | 33.62 | $ | 33.62 | $ | 0.00 | $ | 0.00 | $ | 58,098,773.85 | ||||||||||
| Supplemental ARR Fee |
$ | 134.48 | $ | 134.48 | $ | 0.00 | $ | 0.00 | $ | 58,098,639.37 | ||||||||||
| Indenture Trustee Fee |
$ | 1,250.00 | $ | 1,250.00 | $ | 0.00 | $ | 0.00 | $ | 58,097,389.37 | ||||||||||
| Servicing Fee |
$ | 679,649.55 | $ | 679,649.55 | $ | 0.00 | $ | 0.00 | $ | 57,417,739.82 | ||||||||||
| Class A-1a Note Interest |
$ | 2,690,625.75 | $ | 2,690,625.75 | $ | 0.00 | $ | 0.00 | $ | 54,727,114.07 | ||||||||||
| Class A-1b Note Interest |
$ | 615,832.29 | $ | 615,832.29 | $ | 0.00 | $ | 0.00 | $ | 54,111,281.78 | ||||||||||
| First Priority Principal Payment |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 54,111,281.78 | ||||||||||
| Class B Note Interest |
$ | 275,176.42 | $ | 275,176.42 | $ | 0.00 | $ | 0.00 | $ | 53,836,105.36 | ||||||||||
| Second Priority Principal Payment |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 53,836,105.36 | ||||||||||
| Class C Note Interest |
$ | 170,754.00 | $ | 170,754.00 | $ | 0.00 | $ | 0.00 | $ | 53,665,351.36 | ||||||||||
| Third Priority Principal Payment |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 53,665,351.36 | ||||||||||
| Reserve Account up to Required Reserve Amount |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 53,665,351.36 | ||||||||||
| Regular Priority Principal Payment |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 53,665,351.36 | ||||||||||
| Supplemental Successor Servicer Fee |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 53,665,351.36 | ||||||||||
| Additional Interest Amounts |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 53,665,351.36 | ||||||||||
| Make-Whole Payments |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 53,665,351.36 | ||||||||||
| Additional Fees and Expenses |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 53,665,351.36 | ||||||||||
| Additional Trust Expenses |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 53,665,351.36 | ||||||||||
| Class R Interest |
$ | 53,665,351.36 | $ | 53,665,351.36 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Total |
$ | 58,113,871.90 | $ | 58,113,871.90 | $ | 0.00 | $ | 0.00 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Total Priority Principal Payments and Additional Interest Amounts |
$ | 0.00 | ||||||||||||||||||
Page 1 of 2
| Noteholder Payments |
Note Balance | PFA Account | Interest Payment | Add’l Interest | Make-Whole | Total Payment | ||||||||||||||||||
| Class A-1a |
$ | 0.00 | $ | 0.00 | $ | 2,690,625.75 | $ | 0.00 | $ | 0.00 | $ | 2,690,625.75 | ||||||||||||
| Class A-1b |
$ | 0.00 | $ | 0.00 | $ | 615,832.29 | $ | 0.00 | $ | 0.00 | $ | 615,832.29 | ||||||||||||
| Class B |
$ | 0.00 | $ | 0.00 | $ | 275,176.42 | $ | 0.00 | $ | 0.00 | $ | 275,176.42 | ||||||||||||
| Class C |
$ | 0.00 | $ | 0.00 | $ | 170,754.00 | $ | 0.00 | $ | 0.00 | $ | 170,754.00 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Total |
$ | 0.00 | $ | 0.00 | $ | 3,752,388.46 | $ | 0.00 | $ | 0.00 | $ | 3,752,388.46 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Payment per $1,000 of Notes | As of Prior Payment Date | Current Payment Date | ||||||||||||||||||||||||||||||
| Noteholder Payments |
Note Balance per $1,000 of Notes |
Interest Payment | Make-Whole Payment | Total Payment | Balance | Note Pool Factor | Balance | Note Pool Factor | ||||||||||||||||||||||||
| Class A-1a |
$ | 1,000.00 | $ | 4.45 | $ | 0.00 | $ | 4.45 | $ | 604,635,000.00 | 1.00 | $ | 604,635,000.00 | 1.00 | ||||||||||||||||||
| Class A-1b |
$ | 1,000.00 | $ | 3.52 | $ | 0.00 | $ | 3.52 | $ | 175,000,000.00 | 1.00 | $ | 175,000,000.00 | 1.00 | ||||||||||||||||||
| Class B |
$ | 1,000.00 | $ | 4.62 | $ | 0.00 | $ | 4.62 | $ | 59,605,000.00 | 1.00 | $ | 59,605,000.00 | 1.00 | ||||||||||||||||||
| Class C |
$ | 1,000.00 | $ | 4.78 | $ | 0.00 | $ | 4.78 | $ | 35,760,000.00 | 1.00 | $ | 35,760,000.00 | 1.00 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
| Total |
$ | 1,000.00 | $ | 4.29 | $ | 0.00 | $ | 4.29 | $ | 875,000,000.00 | 1.00 | $ | 875,000,000.00 | 1.00 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
| Beginning Period | Add: Deposit | Ending Period | ||||||||||
| Principal Funding Account Limit |
$ | 437,500,000.00 | 437,500,000.00 | |||||||||
| Principal Funding Account balance |
$ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||
Note: Information regarding Amortization Event Tests and Excess Concentration Amounts can be found on the Verizon Master Trust report filed as Exhibit 99.1 to this Form 10-D.
Page 2 of 2