PUMA SERIES 2025-1 TRUST — Investor Relations & Filings

PUMA Series 2025-1 Trust is a special purpose vehicle established as part of the PUMA residential mortgage-backed securities (RMBS) program. The trust's primary function is the securitization of a pool of residential mortgage loans originated or acquired by Macquarie Bank Limited. It issues various classes of mortgage-backed notes to institutional investors, with the cash flows from the underlying mortgage pool used to service interest and principal payments on the notes. The structure typically includes credit enhancement features such as subordination, over-collateralization, and liquidity facilities to support the credit ratings of the issued securities. As a bankruptcy-remote entity, the trust isolates the mortgage assets from the originator's balance sheet, providing a structured investment vehicle for participants in the debt capital markets.