Exhibit 99.2
Monthly Investor Report: Verizon Master Trust - VZMT 2023-4
| Collection Period |
Payment Date |
Transaction |
Series Status at End of Prior Payment Date |
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| May 2026 | 06/22/2026 | 36 | Revolving | |||||||||||||||||||
| Offered Notes |
Anticipated |
Final Maturity |
Issuance Note |
SOFR:Days in the |
Note Interest Rate |
SOFR Adjustment Date |
SOFR30A | Total | ||||||||||||||
| Class A-1a |
6/22/26 | 06/20/2029 | $537,800,000.00 | 5.16% | 5.16 | % | ||||||||||||||||
| Class A-1b |
6/22/26 | 06/20/2029 | $175,000,000.00 | SOFR +0.85% | 06/12/2026 | 3.59301 | % | 4.44 | % | |||||||||||||
| Class B |
6/22/26 | 06/20/2029 | $ 54,500,000.00 | 33 | 4.57% | 4.57 | % | |||||||||||||||
| Class C |
6/22/26 | 06/20/2029 | $ 32,700,000.00 | 5.65% | 5.65 | % | ||||||||||||||||
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| Total |
$800,000,000.00 | |||||||||||||||||||||
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| Series 2023-4 Allocation % x Group One Available Funds | $ | 54,761,516.95 | ||
| Amounts paid by the Cap Counterparty |
N/A | |||
| Available Subordinated Amounts |
$ | 0.00 | ||
| Amounts drawn on the Reserve Account |
$ | 8,719,346.05 | ||
| Amounts released from Principal Funding Account |
$ | 0.00 | ||
| Any amounts deposited by the Class A Certificateholder in connection with an Optional Redemption |
800,000,000.00 | |||
| Total Available Funds |
$ | 863,480,863.00 |
| Beginning of Period Reserve Account Balance | $ | 8,719,346.05 | ||
| Required Reserve Amount |
$ | 0.00 | ||
| Shortfall in Required Reserve Amount |
$ | 0.00 | ||
| Reserve Account funds needed this period (True/False) |
FALSE | |||
| Reserve Account draw amount required |
8,719,346.05 | |||
| Reserve Account Deposit Amount |
$ | 0.00 | ||
| End of Period Reserve Account Balance |
$ | 0.00 |
| Waterfall Distribution |
Amount Due | Amount Paid | Shortfall | Carryover Shortfall | Remaining Available Funds | |||||||||||||||
| Master Collateral Agent Fee |
$ | 59.70 | $ | 59.70 | $ | 0.00 | $ | 0.00 | $ | 863,480,803.30 | ||||||||||
| Owner Trustee Fee |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 863,480,803.30 | ||||||||||
| Asset Representations Reviewer Fee |
$ | 30.69 | $ | 30.69 | $ | 0.00 | $ | 0.00 | $ | 863,480,772.61 | ||||||||||
| Supplemental ARR Fee |
$ | 122.75 | $ | 122.75 | $ | 0.00 | $ | 0.00 | $ | 863,480,649.86 | ||||||||||
| Indenture Trustee Fee |
$ | 1,250.00 | $ | 1,250.00 | $ | 0.00 | $ | 0.00 | $ | 863,479,399.86 | ||||||||||
| Servicing Fee |
$ | 621,458.98 | $ | 621,458.98 | $ | 0.00 | $ | 0.00 | $ | 862,857,940.88 | ||||||||||
| Class A-1a Note Interest |
$ | 2,312,540.00 | $ | 2,312,540.00 | $ | 0.00 | $ | 0.00 | $ | 860,545,400.88 | ||||||||||
| Class A-1b Note Interest |
$ | 712,732.85 | $ | 712,732.85 | $ | 0.00 | $ | 0.00 | $ | 859,832,668.03 | ||||||||||
| First Priority Principal Payment |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 859,832,668.03 | ||||||||||
| Class B Note Interest |
$ | 207,554.17 | $ | 207,554.17 | $ | 0.00 | $ | 0.00 | $ | 859,625,113.86 | ||||||||||
| Second Priority Principal Payment |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 859,625,113.86 | ||||||||||
| Class C Note Interest |
$ | 153,962.50 | $ | 153,962.50 | $ | 0.00 | $ | 0.00 | $ | 859,471,151.36 | ||||||||||
| Third Priority Principal Payment |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 859,471,151.36 | ||||||||||
| Reserve Account up to Required Reserve Amount |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 859,471,151.36 | ||||||||||
| Regular Priority Principal Payment |
$ | 800,000,000.00 | $ | 800,000,000.00 | $ | 0.00 | $ | 0.00 | $ | 59,471,151.36 | ||||||||||
| Supplemental Successor Servicer Fee |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 59,471,151.36 | ||||||||||
| Additional Interest Amounts |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 59,471,151.36 | ||||||||||
| Make-Whole Payments |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 59,471,151.36 | ||||||||||
| Additional Fees and Expenses |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 59,471,151.36 | ||||||||||
| Additional Trust Expenses |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 59,471,151.36 | ||||||||||
| Class R Interest |
$ | 59,471,151.36 | $ | 59,471,151.36 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||
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| Total |
$ | 863,480,863.00 | $ | 863,480,863.00 | $ | 0.00 | $ | 0.00 | ||||||||||||
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| Total Priority Principal Payments and Additional Interest Amounts |
$ | 800,000,000.00 | ||||||||||||||||||
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| Noteholder Payments |
Note Balance | PFA Account | Interest Payment | Add’l Interest | Make-Whole | Total Payment | ||||||||||||||||||
| Class A-1a |
$ | 537,800,000.00 | $ | 0.00 | $ | 2,312,540.00 | $ | 0.00 | $ | 0.00 | $ | 540,112,540.00 | ||||||||||||
| Class A-1b |
$ | 175,000,000.00 | $ | 0.00 | $ | 712,732.85 | $ | 0.00 | $ | 0.00 | $ | 175,712,732.85 | ||||||||||||
| Class B |
$ | 54,500,000.00 | $ | 0.00 | $ | 207,554.17 | $ | 0.00 | $ | 0.00 | $ | 54,707,554.17 | ||||||||||||
| Class C |
$ | 32,700,000.00 | $ | 0.00 | $ | 153,962.50 | $ | 0.00 | $ | 0.00 | $ | 32,853,962.50 | ||||||||||||
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| Total |
$ | 800,000,000.00 | $ | 0.00 | $ | 3,386,789.52 | $ | 0.00 | $ | 0.00 | $ | 803,386,789.52 | ||||||||||||
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| Payment per $1,000 of Notes | As of Prior Payment Date | Current Payment Date | ||||||||||||||||||||||||||||||
| Noteholder |
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 |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 537,800,000.00 | 1.00 | $ | 0.00 | 0.00 | ||||||||||||||||||
| Class A-1b |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 175,000,000.00 | 1.00 | $ | 0.00 | 0.00 | ||||||||||||||||||
| Class B |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 54,500,000.00 | 1.00 | $ | 0.00 | 0.00 | ||||||||||||||||||
| Class C |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 32,700,000.00 | 1.00 | $ | 0.00 | 0.00 | ||||||||||||||||||
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| Total |
$ | 0.00 | $ | 800,000,000.00 | 1.00 | $ | 0.00 | 0.00 | ||||||||||||||||||||||||
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| Beginning Period | Add: Deposit | Ending Period | ||||||||||
| Principal Funding Account Limit |
$ | 400,000,000.00 | 400,000,000.00 | |||||||||
| 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.
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