Be aware that 48v 'POE' is only about 2Amps max, so you have to judiciously pick and choose which of your 4 outputs you 'really' want to powersomething on at that time.
Here's one idea: Feed your 48v DC source thru a 50-80v to 25-6v out step down 'buck' regulator. Put a nice fat 4000uf/160v cap with a 1 Meg, 5W resistor across the output to somewhat buffer and stabilize it, and then precisely adjust its DC output to 38vDC. Now attach/connect that CAP +/- across the input of your 40v to 4-way DC splitter gizmo thru a 4A diode to keep the far end from toasting your input side, to get those 4 DC voltages you need. Personally, I'd go to Goodwill, chat with the manager and get yourself an old 36v 8A HP Printer DC pack. It'll directly feed your 4-way and allow you to pull ~2a thru each rail (but not all at once)