<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13D" xmlns:com="http://www.sec.gov/edgar/common">
  <schemaVersion>X0202</schemaVersion>
<headerData>
    <submissionType>SCHEDULE 13D</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: Eagle Point Credit Management LLC -->
          <cik>0001607203</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <securitiesClassTitle>Preferred Shares</securitiesClassTitle>
      <dateOfEvent>05/01/2026</dateOfEvent>
      <previouslyFiledFlag>true</previouslyFiledFlag>
      <issuerInfo>
        <issuerCIK>0001495222</issuerCIK>
        <issuerCusips>
          <issuerCusipNumber>MULTIPLES</issuerCusipNumber>
        </issuerCusips>
        <issuerName>Oxford Lane Capital Corp.</issuerName>
        <address>
          <com:street1>8 Sound Shore Drive, Suite 255</com:street1>
          <com:city>Greenwich</com:city>
          <com:stateOrCountry>CT</com:stateOrCountry>
          <com:zipCode>06830</com:zipCode>
        </address>
      </issuerInfo>
      <authorizedPersons>
        <notificationInfo>
          <personName>Courtney Fandrick</personName>
          <personPhoneNum>203 340 8536</personPhoneNum>
          <personAddress>
            <com:street1>600 Steamboat Road, Suite 202</com:street1>
            <com:city>Greenwich</com:city>
            <com:stateOrCountry>CT</com:stateOrCountry>
            <com:zipCode>06830</com:zipCode>
          </personAddress>
        </notificationInfo>
      </authorizedPersons>
    </coverPageHeader>
    <reportingPersons>
      <reportingPersonInfo>
        <reportingPersonCIK>0001607203</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>Eagle Point Credit Management LLC</reportingPersonName>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>DE</citizenshipOrOrganization>
        <soleVotingPower>1671158.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>1671158.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
        <aggregateAmountOwned>1671158.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>19.99</percentOfClass>
        <typeOfReportingPerson>IA</typeOfReportingPerson>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonCIK>0001617694</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>Thomas Philip Majewski</reportingPersonName>
        <fundType>PF</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>X1</citizenshipOrOrganization>
        <soleVotingPower>5500.00</soleVotingPower>
        <sharedVotingPower>1671158.00</sharedVotingPower>
        <soleDispositivePower>5500.00</soleDispositivePower>
        <sharedDispositivePower>1671158.00</sharedDispositivePower>
        <aggregateAmountOwned>1676658.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>20.05</percentOfClass>
        <typeOfReportingPerson>IN</typeOfReportingPerson>
      </reportingPersonInfo>
    </reportingPersons>
    <items1To7>
      <item1>
        <securityTitle>Preferred Shares</securityTitle>
        <issuerName>Oxford Lane Capital Corp.</issuerName>
        <issuerPrincipalAddress>
          <com:street1>8 Sound Shore Drive, Suite 255</com:street1>
          <com:city>Greenwich</com:city>
          <com:stateOrCountry>CT</com:stateOrCountry>
          <com:zipCode>06830</com:zipCode>
        </issuerPrincipalAddress>
      </item1>
      <item2>
        <filingPersonName>Eagle Point Credit Management LLC</filingPersonName>
        <principalBusinessAddress>600 Steamboat Road, Suite 202, Greenwich, CT 06830 United States.</principalBusinessAddress>
        <principalJob>This Schedule 13D is jointly filed pursuant to a Joint Filing Agreement attached hereto as Exhibit A by (i) Eagle Point Credit Management LLC ("EPCM"), a Delaware limited liability company, and (ii) Thomas Philip Majewski ("Mr. Majewski"), a United States citizen (the "Reporting Persons"). The principal business address for the Reporting Persons is 600 Steamboat Road, Suite 202, Greenwich, CT 06830 United States.

EPCM is a registered investment adviser and serves as investment adviser to certain private funds and separately managed accounts which hold the Preferred Shares described herein (collectively, the "Accounts"). Pursuant to an investment management agreement between EPCM and each Account, EPCM has discretionary investment authority and voting power with respect to the Preferred Shares directly held by the Accounts.  As such, EPCM can be deemed to beneficially own the Preferred Shares directly held by the Accounts.

EPCM is ultimately wholly owned by Eagle Point Holdings LP ("EP Holdings") through intermediary holding companies. Eagle Point Holdings GP LLC ("EP Holdings GP") is the sole general partner of EP Holdings. EP Holdings GP is managed by a board of managers (the "EP Holdings Board") of which the majority of the members are appointed by Trident EP-II Holdings LLC ("EP-II LLC"), which also owns a majority of the voting interests in EP Holdings GP.

EP Holdings is a Delaware limited partnership and EP Holdings GP is a Delaware limited liability company. The principal business address of each of these entities is c/o Eagle Point Credit Management LLC, 600 Steamboat Road, Suite 202, Greenwich, CT 06830.

EP-II LLC is a Delaware limited liability company. Its principal business address is c/o Stone Point Capital LLC, 20 Horseneck Lane, Greenwich, CT 06830.

Set forth below is the name and principal occupation of each member of the Board of EP Holdings GP. Each of the following individuals is a United States citizen.

                   Name                 Principal Occupation                        Principal Business Address
Chris C. Stroup             Managing Director, Stone Point        c/o Stone Point Capital LLC,
                                     Capital LLC                                        20 Horseneck Lane, Greenwich,
                                                                                                CT 06830

Thomas P. Majewski     Managing Partner,                             c/o Eagle Point Credit Management LLC,
                                      EPCM (and certain affiliated              600 Steamboat Road, Suite 202,
                                      advisers)                                            Greenwich, CT 06830

James R. Matthews      Managing Director, Stone Point          c/o Stone Point Capital LLC,
                                     Capital LLC                                         20 Horseneck Lane, Greenwich,
                                                                                                 CT 06830

Additional information regarding EPCM's ownership and governance structure is set forth in its Form ADV, as filed with the Securities and Exchange Commission (SEC File No. 801-77721), under the Investment Advisers Act of 1940, as amended, and is incorporated herein by reference.</principalJob>
        <hasBeenConvicted>During the past five years, none of the Disclosed Parties has been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors).</hasBeenConvicted>
        <convictionDescription>During the past five years, none of the Disclosed Parties was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.</convictionDescription>
        <citizenship>EPCM: Delaware
Thomas Philip Majewski: United States</citizenship>
      </item2>
      <item3>
        <fundsSource>All of the Preferred Shares reported herein were acquired over a period of time in multiple secondary transactions at various market prices. The funds used to acquire each of the Preferred Shares were from each applicable Account's available investment capital.</fundsSource>
      </item3>
      <item4>
        <transactionPurpose>EPCM caused the Accounts to acquire the Preferred Shares they hold for investment purposes and will continue to analyze such investments on an ongoing basis. EPCM, on behalf of the Accounts, reserves the right to increase or decrease the Accounts' ownership of the Preferred Shares over time.</transactionPurpose>
      </item4>
      <item5>
        <percentageOfClassSecurities>The Reporting Person may be deemed to beneficially own an aggregate of 1,671,158 Preferred Shares, which represents approximately 19.99% of all of the Issuer's outstanding preferred shares. The number of Preferred Shares which may be deemed to be beneficially owned by the Disclosed Parties are as follows:

Shares Deemed to be Beneficially       Nature of Ownership                        Percentage of Class
                  Owned By:
Eagle Point Credit Management           Sole Voting and Sole Dispositive     19.99%
LLC: 1,671,158                                      Power (1)
Thomas Philip Majewski:                      Shared Voting and Shared                20.05%
1,676,358                                              Dispositive Power (2)
EP Holdings (3): -                                  -                                                          -
EP Holdings GP (3): -                            -                                                          -
EP Holdings Board members (3): -       -                                                          -
EP-II LLC (3): -                                      -                                                          -

(1) Pursuant to an investment management agreement between EPCM and each Account, EPCM has discretionary investment authority and voting power with respect to the Preferred Shares held by the Accounts. Thus, EPCM could be deemed to have the sole power to vote and dispose or direct the disposition of such Preferred Shares.

(2) As managing partner and portfolio manager for EPCM, Mr. Majewski has the ability to exercise investment discretion over the Accounts. Thus, he could be deemed to share the power to vote and dispose or direct the disposition of the Preferred Shares held by the Accounts.

(3) EP Holdings is a holding company for EPCM. While EP Holdings, EP Holdings GP, each of the EP Holdings Board members, and EP-II LLC could be deemed to share beneficial ownership of the securities held by the Accounts and beneficially owned by EPCM, each of the foregoing fully disclaim beneficial ownership of such securities.</percentageOfClassSecurities>
        <numberOfShares>1,671,158</numberOfShares>
        <transactionDesc>During the past sixty days, the Accounts engaged in the following secondary transactions:

Date             Security                                                           Acquisition/Sale    Number of       Price per
                                                                                                                           Preferred        Preferred
                                                                                                                            Shares            Share
3/13/2026       6.25% Series 2027 Term Preferred Shares         Sale                  485              24.90
3/13/2026       8.25% Series 2031 Term Preferred Shares         Purchase          435,000       24.57
3/16/2026       6.25% Series 2027 Term Preferred Shares         Sale                  5,451           24.87
3/18/2026       8.25% Series 2031 Term Preferred Shares         Purchase          56,000         24.59
3/23/2026       8.25% Series 2031 Term Preferred Shares         Purchase          8,857           24.50
3/24/2026       8.25% Series 2031 Term Preferred Shares         Purchase         18,900         24.50
3/25/2026       8.25% Series 2031 Term Preferred Shares         Purchase         1,000           24.55
3/26/2026       8.25% Series 2031 Term Preferred Shares         Purchase         5,000           24.57
3/27/2026       8.25% Series 2031 Term Preferred Shares         Purchase         13,295         24.54
3/30/2026       8.25% Series 2031 Term Preferred Shares         Purchase         1,500           24.52
3/31/2026       8.25% Series 2031 Term Preferred Shares         Purchase         9,200           24.54
4/1/2026         6.25% Series 2027 Term Preferred Shares         Sale                 9,915           24.88
4/1/2026         8.25% Series 2031 Term Preferred Shares         Purchase         9,800          24.64
4/2/2026         6.25% Series 2027 Term Preferred Shares         Sale                 15,760        24.87
4/2/2026         8.25% Series 2031 Term Preferred Shares         Purchase         2,600          24.65
4/6/2026         8.25% Series 2031 Term Preferred Shares         Purchase         5,000          24.70
4/15/2026       6.00% Series 2029 Term Preferred Shares         Sale                1,090           23.80
4/16/2026       8.25% Series 2031 Term Preferred Shares         Purchase        100              24.65
4/16/2026       8.25% Series 2031 Term Preferred Shares         Sale                265              24.80
4/20/2026       8.25% Series 2031 Term Preferred Shares         Sale               10,987          24.87
4/21/2026       8.25% Series 2031 Term Preferred Shares         Sale               10,100         24.90
4/22/2026       8.25% Series 2031 Term Preferred Shares         Sale               1,511           24.90
4/23/2026       8.25% Series 2031 Term Preferred Shares         Sale               1,203          24.94
4/24/2026       8.25% Series 2031 Term Preferred Shares         Sale                500            24.95
4/27/2026       8.25% Series 2031 Term Preferred Shares         Sale                5,978         24.97
4/28/2026       8.25% Series 2031 Term Preferred Shares         Sale                3,039         25.02
4/29/2026       8.25% Series 2031 Term Preferred Shares         Sale                5,200         25.07
4/30/2026       8.25% Series 2031 Term Preferred Shares         Sale                1,854         25.09
5/1/2026         6.25% Series 2027 Term Preferred Shares         Redemption    81,761        25.00
5/1/2026         8.25% Series 2031 Term Preferred Shares         Sale                 4,890        25.15
5/5/2026         8.25% Series 2031 Term Preferred Shares         Sale                 3,798        25.25
5/5/2026         7.125% Series 2029 Term Preferred Shares       Sale                 6               24.90
5/6/2026         7.125% Series 2029 Term Preferred Shares       Sale                1,356        24.90
5/6/2026         8.25% Series 2031 Term Preferred Shares         Sale                834            25.25
5/7/2026         7.125% Series 2029 Term Preferred Shares       Sale                258            24.95
5/7/2026         8.25% Series 2031 Term Preferred Shares         Sale                2,057        25.28
5/8/2026         7.125% Series 2029 Term Preferred Shares       Sale                34             24.95
5/8/2026         8.25% Series 2031 Term Preferred Shares         Sale               4,334         25.30</transactionDesc>
        <listOfShareholders>Not applicable</listOfShareholders>
        <date5PercentOwnership>Not applicable</date5PercentOwnership>
      </item5>
      <item6>
        <contractDescription>The relationships between the Disclosing Parties are described in response to Item 2.</contractDescription>
      </item6>
      <item7>
        <filedExhibits>Exhibit A

Joint Filing Agreement

We, the undersigned, hereby express our agreement that the attached Schedule 13D is, and any further amendments thereto signed by each of the undersigned shall be, filed on behalf of each of us pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended. This agreement may be terminated with respect to the obligations to jointly file future amendments to such statement on Schedule 13G as to any of the undersigned upon such person giving written notice thereof to each of the other persons signatory hereto, at the principal office thereof.

Dated: May 8, 2026

                                                     EAGLE POINT CREDIT MANAGEMENT LLC

                                                     By: /s/ Courtney Fandrick
                                                     Name: Courtney Fandrick
                                                     Title: Chief Compliance Officer

                                                     THOMAS PHILIP MAJEWSKI

                                                     By: /s/ Thomas P. Majewski
                                                     Name: Thomas P. Majewski

All other materials which may be required to be filed as exhibits have been incorporated by reference herein.</filedExhibits>
      </item7>
    </items1To7>
    <signatureInfo>
      <signaturePerson>
        <signatureReportingPerson>Eagle Point Credit Management LLC</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Courtney Fandrick</signature>
          <title>Courtney Fandrick, Chief Compliance Officer</title>
          <date>05/08/2026</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>Thomas Philip Majewski</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Thomas P. Majewski</signature>
          <title>Thomas P. Majewski</title>
          <date>05/08/2026</date>
        </signatureDetails>
      </signaturePerson>
    </signatureInfo>
  </formData>
</edgarSubmission>
