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 | |||
| March 2026 | 04/20/2026 | 22 | 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 | 31 | SOFR +0.55 | % | 04/13/2026 | 3.63980 | % | 4.19 | % | |||||||||||||||||||||
| 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 |
$43,341,030.93 | |||
| 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 |
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| Total Available Funds |
$43,341,030.93 | |||
| Beginning of Period Reserve Account Balance |
$ | 6,539,509.54 | ||
| Required Reserve Amount |
$ | 6,539,509.54 | ||
| 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 |
$ | 6,539,509.54 |
| Waterfall Distribution | Amount Due | Amount Paid | Shortfall | Carryover Shortfall | Remaining Available Funds | |||||||||||||||||||
| Master Collateral Agent Fee |
$43.05 | $43.05 | $0.00 | $0.00 | $43,340,987.88 | |||||||||||||||||||
| Owner Trustee Fee |
$0.00 | $0.00 | $0.00 | $0.00 | $43,340,987.88 | |||||||||||||||||||
| Asset Representations Reviewer Fee |
$23.03 | $23.03 | $0.00 | $0.00 | $43,340,964.85 | |||||||||||||||||||
| Supplemental ARR Fee |
$92.11 | $92.11 | $0.00 | $0.00 | $43,340,872.74 | |||||||||||||||||||
| Indenture Trustee Fee |
$1,250.00 | $1,250.00 | $0.00 | $0.00 | $43,339,622.74 | |||||||||||||||||||
| Servicing Fee |
$459,813.48 | $459,813.48 | $0.00 | $0.00 | $42,879,809.26 | |||||||||||||||||||
| Class A-1a Note Interest |
$1,253,378.38 | $1,253,378.38 | $0.00 | $0.00 | $41,626,430.88 | |||||||||||||||||||
| Class A-1b Note Interest |
$887,243.45 | $887,243.45 | $0.00 | $0.00 | $40,739,187.43 | |||||||||||||||||||
| First Priority Principal Payment |
$0.00 | $0.00 | $0.00 | $0.00 | $40,739,187.43 | |||||||||||||||||||
| Class B Note Interest |
$183,924.00 | $183,924.00 | $0.00 | $0.00 | $40,555,263.43 | |||||||||||||||||||
| Second Priority Principal Payment |
$0.00 | $0.00 | $0.00 | $0.00 | $40,555,263.43 | |||||||||||||||||||
| Class C Note Interest |
$114,445.33 | $114,445.33 | $0.00 | $0.00 | $40,440,818.10 | |||||||||||||||||||
| Third Priority Principal Payment |
$0.00 | $0.00 | $0.00 | $0.00 | $40,440,818.10 | |||||||||||||||||||
| Reserve Account up to Required Reserve Amount |
$0.00 | $0.00 | $0.00 | $0.00 | $40,440,818.10 | |||||||||||||||||||
| Regular Priority Principal Payment |
$0.00 | $0.00 | $0.00 | $0.00 | $40,440,818.10 | |||||||||||||||||||
| Supplemental Successor Servicer Fee |
$0.00 | $0.00 | $0.00 | $0.00 | $40,440,818.10 | |||||||||||||||||||
| Additional Interest Amounts |
$0.00 | $0.00 | $0.00 | $0.00 | $40,440,818.10 | |||||||||||||||||||
| Make-Whole Payments |
$0.00 | $0.00 | $0.00 | $0.00 | $40,440,818.10 | |||||||||||||||||||
| Additional Fees and Expenses |
$0.00 | $0.00 | $0.00 | $0.00 | $40,440,818.10 | |||||||||||||||||||
| Additional Trust Expenses |
$0.00 | $0.00 | $0.00 | $0.00 | $40,440,818.10 | |||||||||||||||||||
| Class R Interest |
$40,440,818.10 | $40,440,818.10 | $0.00 | $0.00 | $0.00 | |||||||||||||||||||
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| Total |
$43,341,030.93 | $43,341,030.93 | $0.00 | $0.00 | ||||||||||||||||||||
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| Total Priority Principal Payments and Additional Interest Amounts |
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$0.00 | ||||||||||||||||||||||
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| Noteholder Payments | Note Balance | PFA Account | Interest Payment | Add’l Interest | Make-Whole | Total Payment | ||||||||||||||||||
| Class A-1a |
$0.00 | $0.00 | $1,253,378.38 | $0.00 | $0.00 | $1,253,378.38 | ||||||||||||||||||
| Class A-1b |
$0.00 | $0.00 | $887,243.45 | $0.00 | $0.00 | $887,243.45 | ||||||||||||||||||
| Class B |
$0.00 | $0.00 | $183,924.00 | $0.00 | $0.00 | $183,924.00 | ||||||||||||||||||
| Class C |
$0.00 | $0.00 | $114,445.33 | $0.00 | $0.00 | $114,445.33 | ||||||||||||||||||
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| Total |
$0.00 | $0.00 | $2,438,991.16 | $0.00 | $0.00 | $2,438,991.16 | ||||||||||||||||||
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| Note Balance | Payment per $ 1,000 of Notes
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As of Prior Payment Date
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Current Payment Date
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| Noteholder Payments | 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 | $4.34 | $0.00 | $4.34 | $288,686,000.00 | 1.00 | $288,686,000.00 | 1.00 | ||||||||||||||||||||||||
| Class A-1b |
$1,000.00 | $3.61 | $0.00 | $3.61 | $245,918,000.00 | 1.00 | $245,918,000.00 | 1.00 | ||||||||||||||||||||||||
| Class B |
$1,000.00 | $4.50 | $0.00 | $4.50 | $40,872,000.00 | 1.00 | $40,872,000.00 | 1.00 | ||||||||||||||||||||||||
| Class C |
$1,000.00 | $4.67 | $0.00 | $4.67 | $24,524,000.00 | 1.00 | $24,524,000.00 | 1.00 | ||||||||||||||||||||||||
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| Total |
$1,000.00 | $4.06 | $0.00 | $4.06 | $600,000,000.00 | 1.00 | $600,000,000.00 | 1.00 | ||||||||||||||||||||||||
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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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