Exhibit 99.5
Monthly Investor Report: Verizon Master Trust - VZMT 2024-4
| Collection Period |
Payment Date | Transaction Month | Series Status at End of Prior Payment Date | |||||||||||||||||||||||||||||
| May 2026 | 06/22/2026 | 24 | Revolving | |||||||||||||||||||||||||||||
| Offered Notes |
Anticipated Redemption Date |
Final Maturity Date |
Issuance Note Balance |
SOFR:Days in the Interest Period |
Note Interest Rate |
SOFR Adjustment Date |
SOFR30A | Total | ||||||||||||||||||||||||
| Class A-1a |
6/22/26 | 06/20/2029 | $ | 288,686,000.00 | 5.21 | % | 5.21 | % | ||||||||||||||||||||||||
| Class A-1b |
6/22/26 | 06/20/2029 | $ | 245,918,000.00 | 33 | SOFR +0.55 | % | 06/12/2026 | 3.59301 | % | 4.14 | % | ||||||||||||||||||||
| Class B |
6/22/26 | 06/20/2029 | $ | 40,872,000.00 | 5.40 | % | 5.40 | % | ||||||||||||||||||||||||
| Class C |
6/22/26 | 06/20/2029 | $ | 24,524,000.00 | 5.60 | % | 5.60 | % | ||||||||||||||||||||||||
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| Total |
$ | 600,000,000.00 | ||||||||||||||||||||||||||||||
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| Series 2024-4 Allocation % x Group One Available Funds |
$ | 41,087,304.42 | ||
| Amounts paid by the Cap Counterparty |
N/A | |||
| Available Subordinated Amounts |
$ | 0.00 | ||
| Amounts drawn on the Reserve Account |
$ | 6,539,509.54 | ||
| Amounts released from Principal Funding Account |
$ | 0.00 | ||
| Any amounts deposited by the Class A Certificateholder in connection with an Optional Redemption |
600,000,000.00 | |||
| Total Available Funds |
$ | 647,626,813.96 |
| Beginning of Period Reserve Account Balance |
$ | 6,539,509.54 | ||
| 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 |
6,539,509.54 | |||
| 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 |
$ | 44.79 | $ | 44.79 | $ | 0.00 | $ | 0.00 | $ | 647,626,769.17 | ||||||||||
| Owner Trustee Fee |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 647,626,769.17 | ||||||||||
| Asset Representations Reviewer Fee |
$ | 23.02 | $ | 23.02 | $ | 0.00 | $ | 0.00 | $ | 647,626,746.15 | ||||||||||
| Supplemental ARR Fee |
$ | 92.10 | $ | 92.10 | $ | 0.00 | $ | 0.00 | $ | 647,626,654.05 | ||||||||||
| Indenture Trustee Fee |
$ | 1,250.00 | $ | 1,250.00 | $ | 0.00 | $ | 0.00 | $ | 647,625,404.05 | ||||||||||
| Servicing Fee |
$ | 466,277.70 | $ | 466,277.70 | $ | 0.00 | $ | 0.00 | $ | 647,159,126.35 | ||||||||||
| Class A-1a Note Interest |
$ | 1,253,378.38 | $ | 1,253,378.38 | $ | 0.00 | $ | 0.00 | $ | 645,905,747.97 | ||||||||||
| Class A-1b Note Interest |
$ | 933,937.34 | $ | 933,937.34 | $ | 0.00 | $ | 0.00 | $ | 644,971,810.63 | ||||||||||
| First Priority Principal Payment |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 644,971,810.63 | ||||||||||
| Class B Note Interest |
$ | 183,924.00 | $ | 183,924.00 | $ | 0.00 | $ | 0.00 | $ | 644,787,886.63 | ||||||||||
| Second Priority Principal Payment |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 644,787,886.63 | ||||||||||
| Class C Note Interest |
$ | 114,445.33 | $ | 114,445.33 | $ | 0.00 | $ | 0.00 | $ | 644,673,441.30 | ||||||||||
| Third Priority Principal Payment |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 644,673,441.30 | ||||||||||
| Reserve Account up to Required Reserve Amount |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 644,673,441.30 | ||||||||||
| Regular Priority Principal Payment |
$ | 600,000,000.00 | $ | 600,000,000.00 | $ | 0.00 | $ | 0.00 | $ | 44,673,441.30 | ||||||||||
| Supplemental Successor Servicer Fee |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 44,673,441.30 | ||||||||||
| Additional Interest Amounts |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 44,673,441.30 | ||||||||||
| Make-Whole Payments |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 44,673,441.30 | ||||||||||
| Additional Fees and Expenses |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 44,673,441.30 | ||||||||||
| Additional Trust Expenses |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 44,673,441.30 | ||||||||||
| Class R Interest |
$ | 44,673,441.30 | $ | 44,673,441.30 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||
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| Total |
$ | 647,626,813.96 | $ | 647,626,813.96 | $ | 0.00 | $ | 0.00 | ||||||||||||
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| Total Priority Principal Payments and Additional Interest Amounts |
$ | 600,000,000.00 | ||||||||||||||||||
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| Noteholder Payments | Note Balance | PFA Account | Interest Payment | Add’l Interest | Make-Whole | Total Payment | ||||||||||||||||||
| Class A-1a |
$ | 288,686,000.00 | $ | 0.00 | $ | 1,253,378.38 | $ | 0.00 | $ | 0.00 | $ | 289,939,378.38 | ||||||||||||
| Class A-1b |
$ | 245,918,000.00 | $ | 0.00 | $ | 933,937.34 | $ | 0.00 | $ | 0.00 | $ | 246,851,937.34 | ||||||||||||
| Class B |
$ | 40,872,000.00 | $ | 0.00 | $ | 183,924.00 | $ | 0.00 | $ | 0.00 | $ | 41,055,924.00 | ||||||||||||
| Class C |
$ | 24,524,000.00 | $ | 0.00 | $ | 114,445.33 | $ | 0.00 | $ | 0.00 | $ | 24,638,445.33 | ||||||||||||
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| Total |
$ | 600,000,000.00 | $ | 0.00 | $ | 2,485,685.05 | $ | 0.00 | $ | 0.00 | $ | 602,485,685.05 | ||||||||||||
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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 | $ | 288,686,000.00 | 1.00 | $ | 0.00 | 0.00 | ||||||||||||||||||
| Class A-1b |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 245,918,000.00 | 1.00 | $ | 0.00 | 0.00 | ||||||||||||||||||
| Class B |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 40,872,000.00 | 1.00 | $ | 0.00 | 0.00 | ||||||||||||||||||
| Class C |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 24,524,000.00 | 1.00 | $ | 0.00 | 0.00 | ||||||||||||||||||
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| Total |
$ | 0.00 | $ | 600,000,000.00 | 1.00 | $ | 0.00 | 0.00 | ||||||||||||||||||||||||
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| Beginning Period | Add: Deposit | Ending Period | ||||||||||
| Principal Funding Account Limit |
$ | 300,000,000.00 | 300,000,000.00 | |||||||||
| 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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