<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13D" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13D/A</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>
      <amendmentNo>2</amendmentNo>
      <securitiesClassTitle>Preferred Shares</securitiesClassTitle>
      <dateOfEvent>08/13/2025</dateOfEvent>
      <previouslyFiledFlag>false</previouslyFiledFlag>
      <issuerInfo>
        <issuerCIK>0001495222</issuerCIK>
        <issuerCUSIP>MULTIPLES</issuerCUSIP>
        <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>1900338.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>1900338.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
        <aggregateAmountOwned>1900338.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>21.69</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>1900338.00</sharedVotingPower>
        <soleDispositivePower>5500.00</soleDispositivePower>
        <sharedDispositivePower>1900338.00</sharedDispositivePower>
        <aggregateAmountOwned>1905838.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>21.75</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,						c/o Stone Point Capital LLC,
					Stone Point Capital LLC					20 Horseneck Lane,
														Greenwich, CT 06830
Thomas P. Majewski	Managing Partner,						c/o Eagle Point Credit
					EPCM (and certain affiliated advisers)		Management LLC,
														600 Steamboat Road, Suite 202,
														Greenwich, CT 06830
James R. Matthews	Managing Director, Stone Point Capital LLC	c/o Stone Point 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>
      </item2>
      <item3>
        <fundsSource>Since the Reporting Persons' previous Schedule 13D filing relating to the Preferred Shares (filed with the SEC on May 16, 2025 and available at the following hyperlink: https://www.sec.gov/Archives/edgar/data/1495222/000110465925050127/0001104659-25-050127-index.htm , 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 1,900,638 Preferred Shares, which represents approximately 21.69% 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 Owned By:      			Nature of Ownership			Percentage of Class
Eagle Point Credit Management		Sole Voting and Sole Dispositive	21.69%
LLC: 1,900,338					Power (1)
Thomas Philip Majewski:			Shared Voting and Shared		21.75%
1,905,838						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>1,900,638</numberOfShares>
        <transactionDesc>Subsequent to the last amendment to this Schedule 13D, filed with the SEC on May 16, 2025, the Accounts engaged in the following secondary transactions:
Date		Security									Acquisition/	Number of Price per
													Sale			Preferred	Preferred
																Shares	Share
5/16/2025	7.125% Series 2029 Term Preferred Shares		Sale			829		24.02
5/16/2025	6.00% Series 2029 Term Preferred Shares		Purchase		2		22.58
5/19/2025	7.125% Series 2029 Term Preferred Shares		Sale			100		24.02
5/20/2025	6.00% Series 2029 Term Preferred Shares		Purchase		746		22.58
5/21/2025	7.125% Series 2029 Term Preferred Shares		Purchase		3,792	23.95
5/21/2025	6.00% Series 2029 Term Preferred Shares		Purchase		354		22.89
5/22/2025	7.125% Series 2029 Term Preferred Shares		Purchase		500		23.84
5/22/2025	6.00% Series 2029 Term Preferred Shares		Purchase		20		22.60
5/23/2025	6.00% Series 2029 Term Preferred Shares		Sale			102		22.95
5/23/2025	6.00% Series 2029 Term Preferred Shares		Purchase		1,165	22.85
5/27/2025	6.00% Series 2029 Term Preferred Shares		Purchase		1		22.90
5/27/2025	6.00% Series 2029 Term Preferred Shares		Sale			225		22.95
5/28/2025	7.125% Series 2029 Term Preferred Shares		Sale			1,487	24.01
5/29/2025	7.125% Series 2029 Term Preferred Shares		Sale			100		24.01
5/29/2025	6.00% Series 2029 Term Preferred Shares		Sale			126		23.00
5/29/2025	6.00% Series 2029 Term Preferred Shares		Purchase		198		22.85
5/30/2025	7.125% Series 2029 Term Preferred Shares		Sale			3,751	24.01
6/2/2025		7.125% Series 2029 Term Preferred Shares		Sale			1,152	24.05
6/2/2025		6.00% Series 2029 Term Preferred Shares		Purchase		1,127	22.84
6/3/2025		7.125% Series 2029 Term Preferred Shares		Sale			169		24.02
6/4/2025		7.125% Series 2029 Term Preferred Shares		Sale			233		24.07
6/9/2025		7.125% Series 2029 Term Preferred Shares		Sale			200		24.09
6/9/2025		6.00% Series 2029 Term Preferred Shares		Sale			10,243	23.06
6/10/2025	7.125% Series 2029 Term Preferred Shares		Sale			6,800	24.14
6/11/2025	7.125% Series 2029 Term Preferred Shares		Sale			32		24.18
6/11/2025	6.00% Series 2029 Term Preferred Shares		Sale			400		23.13
6/12/2025	7.125% Series 2029 Term Preferred Shares		Sale			20,000	24.19
6/13/2025	7.125% Series 2029 Term Preferred Shares		Sale			406		24.22
6/17/2025	6.00% Series 2029 Term Preferred Shares		Sale			200		23.19
6/18/2025	6.00% Series 2029 Term Preferred Shares		Sale			100		23.24
6/20/2025	7.125% Series 2029 Term Preferred Shares		Purchase		559		24.2
6/20/2025	6.00% Series 2029 Term Preferred Shares		Purchase		384		23.17
6/20/2025	7.125% Series 2029 Term Preferred Shares		Sale			559		24.2
6/20/2025	6.00% Series 2029 Term Preferred Shares		Sale			384		23.17
6/20/2025	6.00% Series 2029 Term Preferred Shares		Sale			243		23.24
6/23/2025	7.125% Series 2029 Term Preferred Shares		Sale			1838	24.27
6/24/2025	7.125% Series 2029 Term Preferred Shares		Sale			80		24.26
6/25/2025	6.00% Series 2029 Term Preferred Shares		Sale			299		23.24
6/26/2025	6.00% Series 2029 Term Preferred Shares		Sale			669		23.26
6/27/2025	6.00% Series 2029 Term Preferred Shares		Sale			12		23.27
6/30/2025	7.125% Series 2029 Term Preferred Shares		Sale			5000	24.28
6/30/2025	6.00% Series 2029 Term Preferred Shares		Sale			10001	23.29
7/1/2025		7.125% Series 2029 Term Preferred Shares		Sale			8		24.3
7/1/2025		6.00% Series 2029 Term Preferred Shares		Sale			60		23.34
7/2/2025		6.00% Series 2029 Term Preferred Shares		Sale			112		23.36
7/3/2025		7.125% Series 2029 Term Preferred Shares		Sale			5525	24.33
7/3/2025		6.00% Series 2029 Term Preferred Shares		Sale			331		23.36
7/7/2025		7.125% Series 2029 Term Preferred Shares		Sale			195		24.42
7/8/2025		7.125% Series 2029 Term Preferred Shares		Sale			149		24.42
7/9/2025		7.125% Series 2029 Term Preferred Shares		Sale			121		24.42
7/10/2025	6.00% Series 2029 Term Preferred Shares		Sale			78		23.4
7/10/2025	7.125% Series 2029 Term Preferred Shares		Sale			74		24.42
7/14/2025	Series 2027 Term Preferred Shares			Sale			226		24.57
7/15/2025	7.125% Series 2029 Term Preferred Shares		Sale			107		24.42
7/15/2025	6.00% Series 2029 Term Preferred Shares		Sale			403		23.4
7/17/2025	6.00% Series 2029 Term Preferred Shares		Sale			395		23.45
7/18/2025	6.00% Series 2029 Term Preferred Shares		Sale			1530	23.46
7/21/2025	7.125% Series 2029 Term Preferred Shares		Sale			200		24.46
7/22/2025	7.125% Series 2029 Term Preferred Shares		Sale			695		24.46
8/12/2025	7.125% Series 2029 Term Preferred Shares		Sale			5001	24.3
8/13/2025	7.125% Series 2029 Term Preferred Shares		Sale			5000	24.35
8/13/2025	6.00% Series 2029 Term Preferred Shares		Sale			10000	23.25
8/14/2025	7.125% Series 2029 Term Preferred Shares		Sale			304		24.32
8/14/2025	6.00% Series 2029 Term Preferred Shares		Sale			330		23.27
8/15/2025	6.00% Series 2029 Term Preferred Shares		Sale			300		23.28</transactionDesc>
      </item5>
      <item6>
        <contractDescription>The relationships between the Disclosing Parties are described in response to Item 2.</contractDescription>
      </item6>
    </items1To7>
    <signatureInfo>
      <signaturePerson>
        <signatureReportingPerson>Eagle Point Credit Management LLC</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Courtney Fandrick</signature>
          <title>Courtney Fandrick, Chief Compliance Officer</title>
          <date>08/15/2025</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>Thomas Philip Majewski</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Thomas P. Majewski</signature>
          <title>Thomas P. Majewski</title>
          <date>08/15/2025</date>
        </signatureDetails>
      </signaturePerson>
    </signatureInfo>
  </formData>

</edgarSubmission>
