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<!-- Generated by Broadridge Transform (tm) - http://www.broadridge.com -->
<!-- Created: Fri May 22 04:12:09 UTC 2026 -->
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    <loc xlink:type="locator" xlink:label="oxlc_sixsevenfiveUNSECUREDNOTESDUE2031Member" xlink:href="oxlc-20260331.xsd#oxlc_sixsevenfiveUNSECUREDNOTESDUE2031Member"/>
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    <loc xlink:type="locator" xlink:label="oxlc_EightPointOneTwentyFivePercentageSeriesTwoThousandTwentyFourTermPreferredSharesMember" xlink:href="oxlc-20260331.xsd#oxlc_EightPointOneTwentyFivePercentageSeriesTwoThousandTwentyFourTermPreferredSharesMember"/>
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    <loc xlink:type="locator" xlink:label="oxlc_SixPointSeventyFivePercentageSeriesTwoThousandTwentyFourTermPreferredSharesMember" xlink:href="oxlc-20260331.xsd#oxlc_SixPointSeventyFivePercentageSeriesTwoThousandTwentyFourTermPreferredSharesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="oxlc_SixPointSeventyFivePercentageSeriesTwoThousandTwentyFourTermPreferredSharesMember_lbl" xml:lang="en-US">6.75% Series 2024 Term Preferred Shares [Member]</label>
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    <loc xlink:type="locator" xlink:label="oxlc_SixPercentageSeriesTwoThousandTwentyNineTermPreferredSharesMember" xlink:href="oxlc-20260331.xsd#oxlc_SixPercentageSeriesTwoThousandTwentyNineTermPreferredSharesMember"/>
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    <loc xlink:type="locator" xlink:label="oxlc_SevenPointOneTwentyFivePercentageSeriesTwoThousandTwentyNineTermPreferredSharesMember" xlink:href="oxlc-20260331.xsd#oxlc_SevenPointOneTwentyFivePercentageSeriesTwoThousandTwentyNineTermPreferredSharesMember"/>
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    <loc xlink:type="locator" xlink:label="oxlc_EightPointTwentyFivePercentageSeriesTwoThousandThirtyOneTermPreferredSharesMember" xlink:href="oxlc-20260331.xsd#oxlc_EightPointTwentyFivePercentageSeriesTwoThousandThirtyOneTermPreferredSharesMember"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxlc_EightPointTwentyFivePercentageSeriesTwoThousandThirtyOneTermPreferredSharesMember" xlink:to="oxlc_EightPointTwentyFivePercentageSeriesTwoThousandThirtyOneTermPreferredSharesMember_lbl"/>
    <loc xlink:type="locator" xlink:label="oxlc_RepurchaseAgreementMember" xlink:href="oxlc-20260331.xsd#oxlc_RepurchaseAgreementMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="oxlc_RepurchaseAgreementMember_lbl" xml:lang="en-US">Repurchase Agreement [Member]</label>
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    <loc xlink:type="locator" xlink:label="oxlc_RisksRelatingToOurBusinessAndStructureMember" xlink:href="oxlc-20260331.xsd#oxlc_RisksRelatingToOurBusinessAndStructureMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="oxlc_RisksRelatingToOurBusinessAndStructureMember_lbl" xml:lang="en-US">Risks Relating to Our Business and Structure [Member]</label>
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    <loc xlink:type="locator" xlink:label="oxlc_RisksRelatedToUSFederalTaxRegulationMember" xlink:href="oxlc-20260331.xsd#oxlc_RisksRelatedToUSFederalTaxRegulationMember"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="oxlc_SixthundredSeries2029TermPreferredSharesMember_lbl0" xml:lang="en-US">Sixthundred Series2029 Term Preferred Shares Member</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="oxlc_SixPointSeventyFivePercentageSeriesTwoThousandTwentyFourTermPreferredSharesMember_lbl0" xml:lang="en-US">Six Point Seventy Five Percentage Series Two Thousand Twenty Four Term Preferred Shares Member</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="oxlc_EightPointTwentyFivePercentageSeriesTwoThousandThirtyOneTermPreferredSharesMember_lbl0" xml:lang="en-US">Eight Point Twenty Five Percentage Series Two Thousand Thirty One Term Preferred Shares Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxlc_EightPointTwentyFivePercentageSeriesTwoThousandThirtyOneTermPreferredSharesMember" xlink:to="oxlc_EightPointTwentyFivePercentageSeriesTwoThousandThirtyOneTermPreferredSharesMember_lbl0"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="oxlc_SevenPointOneTwentyFivePercentageSeriesTwoThousandTwentyNineTermPreferredSharesMember_lbl0" xml:lang="en-US">Seven Point One Twenty Five Percentage Series Two Thousand Twenty Nine Term Preferred Shares Member</label>
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