GS Mortgage Securities Trust 2015-GC34 8-K

What Happened
The trust filed an 8-K reporting that the Certificate Administrator made distributions on November 13, 2025, December 12, 2025 and January 12, 2026, but on January 9, 2026 the Depositor was notified that certain non-recoverable advances (realized losses) had not been applied to reduce the principal balance of the Class A-4 certificates when incurred. That error caused overpayments of principal to Class A-4 and underpayments of interest to Class A-4, Class X-A, Class A-S and Class B certificateholders in subsequent periods. A one-time correction clawed back and reallocated principal and interest across those classes to reflect the balances as if the realized losses had been applied when incurred. The January 12, 2026 distribution and future distributions will be made using the corrected ending principal balances.

Key Details

• Notice received: January 9, 2026; affected distribution dates: Nov 13, 2025; Dec 12, 2025; Jan 12, 2026.
• One-time November 2025 adjustment: $331,587.36 of principal clawed back from Class A-4 and reallocated as interest—Class A-4: $3,147.57; Class X-A: $1,049.70; Class A-S: $299,260.42; Class B: $28,129.67.
• Additional adjustments: $1,256.47 principal clawed back from Class A-4 (reallocated as interest in Dec 2025: A-4 $968.79; X-A $287.68). In Jan 2026, interest clawbacks from X-A $95.71 and X-B $51.80 were reallocated as $147.51 interest to Class A-4.
• Going forward: distributions will reflect corrected principal balances.

Why It Matters
This filing affects cash flows to certificateholders: some classes received less interest and Class A-4 had principal payments clawed back to correct prior misallocations. The error has been quantified and corrected for the listed periods, and future distributions will use the corrected balances. Investors in the affected classes should review these adjustments against their holdings and distribution statements and may wish to contact the Certificate Administrator or their broker for details about how the reallocation affects their specific payments.