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<!-- Generated by CompSci Transform (tm) - http://www.compsciresources.com -->
<!-- Created: Tue Nov 07 21:24:44 UTC 2023 -->
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    <loc xlink:type="locator" xlink:label="oxlc_SevenonetwofiveSeries2029TermPreferredSharesMember" xlink:href="oxlc-20230930.xsd#oxlc_SevenonetwofiveSeries2029TermPreferredSharesMember"/>
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    <loc xlink:type="locator" xlink:label="oxlc_FivePercentageUnsecuredNotesDue2027Member" xlink:href="oxlc-20230930.xsd#oxlc_FivePercentageUnsecuredNotesDue2027Member"/>
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    <loc xlink:type="locator" xlink:label="oxlc_EightPointFiftyPercentageSeriesTwoThousandAndSeventeenTermPreferredSharesMember" xlink:href="oxlc-20230930.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>
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    <loc xlink:type="locator" xlink:label="oxlc_SevenPointFiftyPercentageSeriesTwoThousandTwentyThreeTermPreferredSharesMember" xlink:href="oxlc-20230930.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>
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    <loc xlink:type="locator" xlink:label="oxlc_EightPointOneTwentyFivePercentageSeriesTwoThousandTwentyFourTermPreferredSharesMember" xlink:href="oxlc-20230930.xsd#oxlc_EightPointOneTwentyFivePercentageSeriesTwoThousandTwentyFourTermPreferredSharesMember"/>
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    <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_SixPointTwentyFivePercentageSeriesTwoThousandTwentySevenTermPreferredSharesMember" xlink:href="oxlc-20230930.xsd#oxlc_SixPointTwentyFivePercentageSeriesTwoThousandTwentySevenTermPreferredSharesMember"/>
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    <loc xlink:type="locator" xlink:label="oxlc_SevenPointOneTwentyFivePercentageSeriesTwoThousandTwentyNineTermPreferredSharesMember" xlink:href="oxlc-20230930.xsd#oxlc_SevenPointOneTwentyFivePercentageSeriesTwoThousandTwentyNineTermPreferredSharesMember"/>
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    <loc xlink:type="locator" xlink:label="oxlc_RepurchaseAgreementMember" xlink:href="oxlc-20230930.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_SixtwofiveSeries2027TermPreferredSharesMember_lbl0" xml:lang="en-US">Sixtwofive Series2027 Term Preferred Shares Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxlc_SixtwofiveSeries2027TermPreferredSharesMember" xlink:to="oxlc_SixtwofiveSeries2027TermPreferredSharesMember_lbl0"/>
    <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>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxlc_SixthundredSeries2029TermPreferredSharesMember" xlink:to="oxlc_SixthundredSeries2029TermPreferredSharesMember_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_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"/>
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    <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_TermPreferredSharesMember_lbl0" xml:lang="en-US">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_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>
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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>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oxlc_SevenPointOneTwentyFivePercentageSeriesTwoThousandTwentyNineTermPreferredSharesMember" xlink:to="oxlc_SevenPointOneTwentyFivePercentageSeriesTwoThousandTwentyNineTermPreferredSharesMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="oxlc_SevenPointFiftyPercentageSeriesTwoThousandTwentyThreeTermPreferredSharesMember_lbl0" xml:lang="en-US">Seven Point Fifty Percentage Series Two Thousand Twenty Three 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_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="oxlc_ConflictsToInterestRiskMember_lbl0" xml:lang="en-US">Conflicts To Interest Risk Member</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="oxlc_SevenonetwofiveSeries2029TermPreferredSharesMember_lbl0" xml:lang="en-US">Sevenonetwofive Series2029 Term Preferred Shares Member</label>
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