<?xml version="1.0" encoding="US-ASCII"?>
<!-- Generated by Broadridge Transform (tm) - http://www.broadridge.com -->
<!-- Created: Thu Oct 22 23:14:29 UTC 2026 -->
<linkbase xmlns="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
    <loc xlink:type="locator" xlink:label="oxlc_AnInvestmentInTermPreferredSharesWithAFixedInterestRateBearsInterestRateRiskMember" xlink:href="oxlc-20261021.xsd#oxlc_AnInvestmentInTermPreferredSharesWithAFixedInterestRateBearsInterestRateRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="oxlc_AnInvestmentInTermPreferredSharesWithAFixedInterestRateBearsInterestRateRiskMember_lbl" xml:lang="en-US">An Investment in Term Preferred Shares With a Fixed Interest Rate Bears Interest Rate Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxlc_AnInvestmentInTermPreferredSharesWithAFixedInterestRateBearsInterestRateRiskMember" xlink:to="oxlc_AnInvestmentInTermPreferredSharesWithAFixedInterestRateBearsInterestRateRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="oxlc_WeAreSubjectToRisksRelatedToAGeneralCreditCrisisAndRelatedLiquidityRisksMember" xlink:href="oxlc-20261021.xsd#oxlc_WeAreSubjectToRisksRelatedToAGeneralCreditCrisisAndRelatedLiquidityRisksMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="oxlc_WeAreSubjectToRisksRelatedToAGeneralCreditCrisisAndRelatedLiquidityRisksMember_lbl" xml:lang="en-US">We are Subject to Risks Related to a General Credit Crisis and Related Liquidity Risks [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxlc_WeAreSubjectToRisksRelatedToAGeneralCreditCrisisAndRelatedLiquidityRisksMember" xlink:to="oxlc_WeAreSubjectToRisksRelatedToAGeneralCreditCrisisAndRelatedLiquidityRisksMember_lbl"/>
    <loc xlink:type="locator" xlink:label="oxlc_HoldersOfTheSeries2031TermPreferredSharesBearReinvestmentRiskMember" xlink:href="oxlc-20261021.xsd#oxlc_HoldersOfTheSeries2031TermPreferredSharesBearReinvestmentRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="oxlc_HoldersOfTheSeries2031TermPreferredSharesBearReinvestmentRiskMember_lbl" xml:lang="en-US">Holders of the % Series 2031 Term Preferred Shares Bear Reinvestment Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxlc_HoldersOfTheSeries2031TermPreferredSharesBearReinvestmentRiskMember" xlink:to="oxlc_HoldersOfTheSeries2031TermPreferredSharesBearReinvestmentRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="oxlc_HoldersOfSeries2031TermPreferredSharesBearDividendRiskMember" xlink:href="oxlc-20261021.xsd#oxlc_HoldersOfSeries2031TermPreferredSharesBearDividendRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="oxlc_HoldersOfSeries2031TermPreferredSharesBearDividendRiskMember_lbl" xml:lang="en-US">Holders of % Series 2031 Term Preferred Shares Bear Dividend Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxlc_HoldersOfSeries2031TermPreferredSharesBearDividendRiskMember" xlink:to="oxlc_HoldersOfSeries2031TermPreferredSharesBearDividendRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_CommonStockMember" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CommonStockMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommonStockMember_lbl" xml:lang="en-US">Common Stock [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockMember" xlink:to="us-gaap_CommonStockMember_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="oxlc_AnInvestmentInTermPreferredSharesWithAFixedInterestRateBearsInterestRateRiskMember_lbl0" xml:lang="en-US">An Investment In Term Preferred Shares With AFixed Interest Rate Bears Interest Rate Risk Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxlc_AnInvestmentInTermPreferredSharesWithAFixedInterestRateBearsInterestRateRiskMember" xlink:to="oxlc_AnInvestmentInTermPreferredSharesWithAFixedInterestRateBearsInterestRateRiskMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="oxlc_WeAreSubjectToRisksRelatedToAGeneralCreditCrisisAndRelatedLiquidityRisksMember_lbl0" xml:lang="en-US">We Are Subject To Risks Related To AGeneral Credit Crisis And Related Liquidity Risks Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxlc_WeAreSubjectToRisksRelatedToAGeneralCreditCrisisAndRelatedLiquidityRisksMember" xlink:to="oxlc_WeAreSubjectToRisksRelatedToAGeneralCreditCrisisAndRelatedLiquidityRisksMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="oxlc_HoldersOfSeries2031TermPreferredSharesBearDividendRiskMember_lbl0" xml:lang="en-US">Holders Of Series2031 Term Preferred Shares Bear Dividend Risk Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxlc_HoldersOfSeries2031TermPreferredSharesBearDividendRiskMember" xlink:to="oxlc_HoldersOfSeries2031TermPreferredSharesBearDividendRiskMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="oxlc_HoldersOfTheSeries2031TermPreferredSharesBearReinvestmentRiskMember_lbl0" xml:lang="en-US">Holders Of The Series2031 Term Preferred Shares Bear Reinvestment Risk Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxlc_HoldersOfTheSeries2031TermPreferredSharesBearReinvestmentRiskMember" xlink:to="oxlc_HoldersOfTheSeries2031TermPreferredSharesBearReinvestmentRiskMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockMember_lbl0" xml:lang="en-US">Common Stock [Member]</label>
<!-- [WMV7][skSl8Eiao/D42OcbmjjdzD8jNfPMIK8g8gjvPokAiagiZ0s/+fFTT9Cd7E7QX1CCebr3mcXy/P7z5Sf02hwz96JFxQ78ZwwymyX7IGGSy8YPm3v7eqVZWHkQGYBpRY/gfIkqQtJS59oEP+lPmKmsBuNNTgoH2fuJkVjl8yETAIooCnu32pw7PfDeEFpr13UlrWHX1tlM8STpb4Nljys/ZbDykxZCQm2qrPQvWSK0LdwMKAlmxPmxuNv6KQhI0e9d8G7cMwtbQkh/PYVoVDaJRL+SuUN5txJaIFbZ512xfUuvBEy7716+YUY2saVELq/hRV/P/rdZUnoI8c4+Vx2PXMLvRz2fdhSPo6EG6x+9e+dS04jJrHIHOg==] CSR-->
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockMember" xlink:to="us-gaap_CommonStockMember_lbl0"/>
  </labelLink>
</linkbase>
