<?xml version="1.0" encoding="US-ASCII"?>
<!-- Generated by CompSci Transform (tm) - http://www.compsciresources.com -->
<!-- Created: Tue Nov 01 19:45:02 UTC 2022 -->
<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">
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    <loc xlink:type="locator" xlink:label="oxlc_ConflictsToInterestRiskMember" xlink:href="oxlc-20220930.xsd#oxlc_ConflictsToInterestRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="oxlc_ConflictsToInterestRiskMember_lbl" xml:lang="en-US">Conflicts to Interest Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxlc_ConflictsToInterestRiskMember" xlink:to="oxlc_ConflictsToInterestRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="oxlc_IncreasedNetEarningsRiskMember" xlink:href="oxlc-20220930.xsd#oxlc_IncreasedNetEarningsRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="oxlc_IncreasedNetEarningsRiskMember_lbl" xml:lang="en-US">Increased Net Earnings Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxlc_IncreasedNetEarningsRiskMember" xlink:to="oxlc_IncreasedNetEarningsRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="oxlc_LeverageRiskMember" xlink:href="oxlc-20220930.xsd#oxlc_LeverageRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="oxlc_LeverageRiskMember_lbl" xml:lang="en-US">Leverage Risk [Member]</label>
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    <loc xlink:type="locator" xlink:label="oxlc_RetentionRiskMember" xlink:href="oxlc-20220930.xsd#oxlc_RetentionRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="oxlc_RetentionRiskMember_lbl" xml:lang="en-US">Retention Risk [Member]</label>
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    <loc xlink:type="locator" xlink:label="oxlc_COVID19PandemicRiskMember" xlink:href="oxlc-20220930.xsd#oxlc_COVID19PandemicRiskMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="oxlc_COVID19PandemicRiskMember_lbl" xml:lang="en-US">COVID-19 Pandemic Risk [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxlc_COVID19PandemicRiskMember" xlink:to="oxlc_COVID19PandemicRiskMember_lbl"/>
    <loc xlink:type="locator" xlink:label="oxlc_CLOMember" xlink:href="oxlc-20220930.xsd#oxlc_CLOMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="oxlc_CLOMember_lbl" xml:lang="en-US">CLO [Member]</label>
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    <loc xlink:type="locator" xlink:label="us-gaap_MandatorilyRedeemablePreferredStockMember" xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_MandatorilyRedeemablePreferredStockMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MandatorilyRedeemablePreferredStockMember_lbl" xml:lang="en-US">Mandatorily Redeemable Preferred Stock [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MandatorilyRedeemablePreferredStockMember" xlink:to="us-gaap_MandatorilyRedeemablePreferredStockMember_lbl"/>
    <loc xlink:type="locator" xlink:label="oxlc_TermPreferredSharesMember" xlink:href="oxlc-20220930.xsd#oxlc_TermPreferredSharesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="oxlc_TermPreferredSharesMember_lbl" xml:lang="en-US">Term Preferred Shares [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxlc_TermPreferredSharesMember" xlink:to="oxlc_TermPreferredSharesMember_lbl"/>
    <loc xlink:type="locator" xlink:label="oxlc_SixPointSevenfiveSeriesTwoZeroTwoFourTermPreferredSharesMember" xlink:href="oxlc-20220930.xsd#oxlc_SixPointSevenfiveSeriesTwoZeroTwoFourTermPreferredSharesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="oxlc_SixPointSevenfiveSeriesTwoZeroTwoFourTermPreferredSharesMember_lbl" xml:lang="en-US">6.75% Series 2024 Term Preferred Shares [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxlc_SixPointSevenfiveSeriesTwoZeroTwoFourTermPreferredSharesMember" xlink:to="oxlc_SixPointSevenfiveSeriesTwoZeroTwoFourTermPreferredSharesMember_lbl"/>
    <loc xlink:type="locator" xlink:label="oxlc_SixPointTwofiveSeriesTwoZeroTwoSevenTermPreferredSharesMember" xlink:href="oxlc-20220930.xsd#oxlc_SixPointTwofiveSeriesTwoZeroTwoSevenTermPreferredSharesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="oxlc_SixPointTwofiveSeriesTwoZeroTwoSevenTermPreferredSharesMember_lbl" xml:lang="en-US">6.25% Series 2027 Term Preferred Shares [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxlc_SixPointTwofiveSeriesTwoZeroTwoSevenTermPreferredSharesMember" xlink:to="oxlc_SixPointTwofiveSeriesTwoZeroTwoSevenTermPreferredSharesMember_lbl"/>
    <loc xlink:type="locator" xlink:label="oxlc_SixPointZeroZeroSeriesTwoZeroTwoNineTermPreferredSharesMember" xlink:href="oxlc-20220930.xsd#oxlc_SixPointZeroZeroSeriesTwoZeroTwoNineTermPreferredSharesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="oxlc_SixPointZeroZeroSeriesTwoZeroTwoNineTermPreferredSharesMember_lbl" xml:lang="en-US">6.00% Series 2029 Term Preferred Shares [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxlc_SixPointZeroZeroSeriesTwoZeroTwoNineTermPreferredSharesMember" xlink:to="oxlc_SixPointZeroZeroSeriesTwoZeroTwoNineTermPreferredSharesMember_lbl"/>
    <loc xlink:type="locator" xlink:label="oxlc_SevenPointOneTwoFiveSeriesTwoZeroTwoNineTermPreferredSharesMember" xlink:href="oxlc-20220930.xsd#oxlc_SevenPointOneTwoFiveSeriesTwoZeroTwoNineTermPreferredSharesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="oxlc_SevenPointOneTwoFiveSeriesTwoZeroTwoNineTermPreferredSharesMember_lbl" xml:lang="en-US">7.125% Series 2029 Term Preferred Shares [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxlc_SevenPointOneTwoFiveSeriesTwoZeroTwoNineTermPreferredSharesMember" xlink:to="oxlc_SevenPointOneTwoFiveSeriesTwoZeroTwoNineTermPreferredSharesMember_lbl"/>
    <loc xlink:type="locator" xlink:label="oxlc_NotesPayableMember" xlink:href="oxlc-20220930.xsd#oxlc_NotesPayableMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="oxlc_NotesPayableMember_lbl" xml:lang="en-US">Notes Payable [Member]</label>
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    <loc xlink:type="locator" xlink:label="oxlc_SixPointSeventyFiveUnsecuredNotesDue2031Member" xlink:href="oxlc-20220930.xsd#oxlc_SixPointSeventyFiveUnsecuredNotesDue2031Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="oxlc_SixPointSeventyFiveUnsecuredNotesDue2031Member_lbl" xml:lang="en-US">6.75% Unsecured Notes due 2031 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxlc_SixPointSeventyFiveUnsecuredNotesDue2031Member" xlink:to="oxlc_SixPointSeventyFiveUnsecuredNotesDue2031Member_lbl"/>
    <loc xlink:type="locator" xlink:label="oxlc_FivePercentageUnsecuredNotesDue2027Member" xlink:href="oxlc-20220930.xsd#oxlc_FivePercentageUnsecuredNotesDue2027Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="oxlc_FivePercentageUnsecuredNotesDue2027Member_lbl" xml:lang="en-US">5.00% Unsecured Notes due 2027 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxlc_FivePercentageUnsecuredNotesDue2027Member" xlink:to="oxlc_FivePercentageUnsecuredNotesDue2027Member_lbl"/>
    <loc xlink:type="locator" xlink:label="oxlc_EightPointFiftyPercentageSeriesTwoThousandAndSeventeenTermPreferredSharesMember" xlink:href="oxlc-20220930.xsd#oxlc_EightPointFiftyPercentageSeriesTwoThousandAndSeventeenTermPreferredSharesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="oxlc_EightPointFiftyPercentageSeriesTwoThousandAndSeventeenTermPreferredSharesMember_lbl" xml:lang="en-US">8.50% Series 2017 Term Preferred Shares [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxlc_EightPointFiftyPercentageSeriesTwoThousandAndSeventeenTermPreferredSharesMember" xlink:to="oxlc_EightPointFiftyPercentageSeriesTwoThousandAndSeventeenTermPreferredSharesMember_lbl"/>
    <loc xlink:type="locator" xlink:label="oxlc_SevenPointFiftyPercentageSeriesTwoThousandTwentyThreeTermPreferredSharesMember" xlink:href="oxlc-20220930.xsd#oxlc_SevenPointFiftyPercentageSeriesTwoThousandTwentyThreeTermPreferredSharesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="oxlc_SevenPointFiftyPercentageSeriesTwoThousandTwentyThreeTermPreferredSharesMember_lbl" xml:lang="en-US">7.50% Series 2023 Term Preferred Shares [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxlc_SevenPointFiftyPercentageSeriesTwoThousandTwentyThreeTermPreferredSharesMember" xlink:to="oxlc_SevenPointFiftyPercentageSeriesTwoThousandTwentyThreeTermPreferredSharesMember_lbl"/>
    <loc xlink:type="locator" xlink:label="oxlc_EightPointOneTwentyFivePercentageSeriesTwoThousandTwentyFourTermPreferredSharesMember" xlink:href="oxlc-20220930.xsd#oxlc_EightPointOneTwentyFivePercentageSeriesTwoThousandTwentyFourTermPreferredSharesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="oxlc_EightPointOneTwentyFivePercentageSeriesTwoThousandTwentyFourTermPreferredSharesMember_lbl" xml:lang="en-US">8.125% Series 2024 Term Preferred Shares [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxlc_EightPointOneTwentyFivePercentageSeriesTwoThousandTwentyFourTermPreferredSharesMember" xlink:to="oxlc_EightPointOneTwentyFivePercentageSeriesTwoThousandTwentyFourTermPreferredSharesMember_lbl"/>
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    <loc xlink:type="locator" xlink:label="oxlc_SixPointSeventyFivePercentageSeriesTwoThousandTwentyFourTermPreferredSharesMember" xlink:href="oxlc-20220930.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>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxlc_SixPointSeventyFivePercentageSeriesTwoThousandTwentyFourTermPreferredSharesMember" xlink:to="oxlc_SixPointSeventyFivePercentageSeriesTwoThousandTwentyFourTermPreferredSharesMember_lbl"/>
    <loc xlink:type="locator" xlink:label="oxlc_SixPointTwentyFivePercentageSeriesTwoThousandTwentySevenTermPreferredSharesMember" xlink:href="oxlc-20220930.xsd#oxlc_SixPointTwentyFivePercentageSeriesTwoThousandTwentySevenTermPreferredSharesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="oxlc_SixPointTwentyFivePercentageSeriesTwoThousandTwentySevenTermPreferredSharesMember_lbl" xml:lang="en-US">6.25% Series 2027 Term Preferred Shares [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxlc_SixPointTwentyFivePercentageSeriesTwoThousandTwentySevenTermPreferredSharesMember" xlink:to="oxlc_SixPointTwentyFivePercentageSeriesTwoThousandTwentySevenTermPreferredSharesMember_lbl"/>
    <loc xlink:type="locator" xlink:label="oxlc_SixPercentageSeriesTwoThousandTwentyNineTermPreferredSharesMember" xlink:href="oxlc-20220930.xsd#oxlc_SixPercentageSeriesTwoThousandTwentyNineTermPreferredSharesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="oxlc_SixPercentageSeriesTwoThousandTwentyNineTermPreferredSharesMember_lbl" xml:lang="en-US">6.00% Series 2029 Term Preferred Shares [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxlc_SixPercentageSeriesTwoThousandTwentyNineTermPreferredSharesMember" xlink:to="oxlc_SixPercentageSeriesTwoThousandTwentyNineTermPreferredSharesMember_lbl"/>
    <loc xlink:type="locator" xlink:label="oxlc_SevenPointOneTwoFiveSeriesTwoThousandTwentyNineTermPreferredSharesMember" xlink:href="oxlc-20220930.xsd#oxlc_SevenPointOneTwoFiveSeriesTwoThousandTwentyNineTermPreferredSharesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="oxlc_SevenPointOneTwoFiveSeriesTwoThousandTwentyNineTermPreferredSharesMember_lbl" xml:lang="en-US">7.125% Series 2029 Term Preferred Shares [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxlc_SevenPointOneTwoFiveSeriesTwoThousandTwentyNineTermPreferredSharesMember" xlink:to="oxlc_SevenPointOneTwoFiveSeriesTwoThousandTwentyNineTermPreferredSharesMember_lbl"/>
    <loc xlink:type="locator" xlink:label="oxlc_RepurchaseAgreementMember" xlink:href="oxlc-20220930.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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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="oxlc_SixPointSeventyFiveUnsecuredNotesDue2031Member_lbl0" xml:lang="en-US">Six Point Seventy Five Unsecured Notes Due2031 Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxlc_SixPointSeventyFiveUnsecuredNotesDue2031Member" xlink:to="oxlc_SixPointSeventyFiveUnsecuredNotesDue2031Member_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="oxlc_LeverageRiskMember_lbl0" xml:lang="en-US">Leverage Risk Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxlc_LeverageRiskMember" xlink:to="oxlc_LeverageRiskMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MandatorilyRedeemablePreferredStockMember_lbl0" xml:lang="en-US">Mandatorily Redeemable Preferred Stock [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MandatorilyRedeemablePreferredStockMember" xlink:to="us-gaap_MandatorilyRedeemablePreferredStockMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="oxlc_SixPointSevenfiveSeriesTwoZeroTwoFourTermPreferredSharesMember_lbl0" xml:lang="en-US">Six Point Sevenfive Series Two Zero Two Four Term Preferred Shares Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxlc_SixPointSevenfiveSeriesTwoZeroTwoFourTermPreferredSharesMember" xlink:to="oxlc_SixPointSevenfiveSeriesTwoZeroTwoFourTermPreferredSharesMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="oxlc_SixPointZeroZeroSeriesTwoZeroTwoNineTermPreferredSharesMember_lbl0" xml:lang="en-US">Six Point Zero Zero Series Two Zero Two Nine Term Preferred Shares Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxlc_SixPointZeroZeroSeriesTwoZeroTwoNineTermPreferredSharesMember" xlink:to="oxlc_SixPointZeroZeroSeriesTwoZeroTwoNineTermPreferredSharesMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="oxlc_EightPointOneTwentyFivePercentageSeriesTwoThousandTwentyFourTermPreferredSharesMember_lbl0" xml:lang="en-US">Eight Point One Twenty Five Percentage Series Two Thousand Twenty Four Term Preferred Shares Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxlc_EightPointOneTwentyFivePercentageSeriesTwoThousandTwentyFourTermPreferredSharesMember" xlink:to="oxlc_EightPointOneTwentyFivePercentageSeriesTwoThousandTwentyFourTermPreferredSharesMember_lbl0"/>
    <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>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxlc_SixPointSeventyFivePercentageSeriesTwoThousandTwentyFourTermPreferredSharesMember" xlink:to="oxlc_SixPointSeventyFivePercentageSeriesTwoThousandTwentyFourTermPreferredSharesMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="oxlc_SevenPointOneTwoFiveSeriesTwoThousandTwentyNineTermPreferredSharesMember_lbl0" xml:lang="en-US">Seven Point One Two Five Series Two Thousand Twenty Nine Term Preferred Shares Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxlc_SevenPointOneTwoFiveSeriesTwoThousandTwentyNineTermPreferredSharesMember" xlink:to="oxlc_SevenPointOneTwoFiveSeriesTwoThousandTwentyNineTermPreferredSharesMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="oxlc_CLOMember_lbl0" xml:lang="en-US">CLOMember</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxlc_CLOMember" xlink:to="oxlc_CLOMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="oxlc_TermPreferredSharesMember_lbl0" xml:lang="en-US">Term Preferred Shares Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxlc_TermPreferredSharesMember" xlink:to="oxlc_TermPreferredSharesMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="oxlc_SixPointTwentyFivePercentageSeriesTwoThousandTwentySevenTermPreferredSharesMember_lbl0" xml:lang="en-US">Six Point Twenty Five Percentage Series Two Thousand Twenty Seven Term Preferred Shares Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxlc_SixPointTwentyFivePercentageSeriesTwoThousandTwentySevenTermPreferredSharesMember" xlink:to="oxlc_SixPointTwentyFivePercentageSeriesTwoThousandTwentySevenTermPreferredSharesMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="oxlc_FivePercentageUnsecuredNotesDue2027Member_lbl0" xml:lang="en-US">Five Percentage Unsecured Notes Due2027 Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxlc_FivePercentageUnsecuredNotesDue2027Member" xlink:to="oxlc_FivePercentageUnsecuredNotesDue2027Member_lbl0"/>
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