BMO 2023-C5 Mortgage Trust 8-K

What Happened

• BMO 2023-C5 Mortgage Trust filed a Form 8‑K on March 9, 2026 reporting a correction to its February 18, 2026 distributions. Computershare Trust Company, N.A., the Certificate Administrator, made the original distributions on Feb. 18, 2026. On March 3, 2026 the Master Servicer, Midland Loan Services (a division of PNC Bank, N.A.), notified the Certificate Administrator of a revision to its February 2026 reporting to correct a backdated curtailment for loan 030321678 (identified as Oak Street NLP Fund Portfolio, Loan ID #6 in the prospectus). The additional principal payments were made on March 5, 2026.

Key Details

• The filing is Item 6.04 (Failure to Make a Required Distribution) and was submitted March 9, 2026.
• Class A‑1 received an additional principal distribution of $5,469,907.72.
• Class A‑2 received an additional principal distribution of $6,392.98.
• Class VRR received an additional principal distribution of $116,897.85; payments were made March 5, 2026.

Why It Matters

• The correction changes the principal cash flows received by certificateholders for the affected classes; holders of Class A‑1, A‑2, and VRR should confirm their account statements reflect these additional payments. This is an operational reporting correction rather than an announced change in pool composition or new financings.