[SCHEDULE 13G/A] Oxford Lane Capital Corp. 6.25% Series 2027 Term Preferred Shares SEC Filing

Rhea-AI Filing Summary

Karpus Management, Inc. reports ownership of 456,338 preferred shares of Oxford Lane Capital Corp., representing 2.97% of the class. Karpus states it has sole voting and dispositive power over these shares and holds them in accounts it manages. Karpus is a registered investment adviser organized in New York and notes that it is controlled by City of London Investment Group plc but asserts informational barriers mean voting and investment decisions are made independently by Karpus. The shares are owned directly by accounts managed by Karpus.

Insights

Financial Analyst

TL;DR: This filing reports a sub-5% passive fiduciary stake with sole control by the adviser, a routine disclosure under Schedule 13G.

The report shows Karpus holds 456,338 preferred shares, equal to 2.97% of the class, and exercises sole voting and dispositive power. As a Schedule 13G disclosure by an investment adviser, the filing indicates passive ownership in the ordinary course of business rather than an intent to influence control. The size of the stake is below 5%, so it is generally non-material to corporate control but relevant for ownership transparency.

Corporate Governance Expert

TL;DR: Ownership is disclosed clearly with asserted informational barriers to the parent, suggesting governance independence for voting decisions.

Karpus states it is controlled by an external parent but relies on established informational barriers to preserve independent voting and investment power. The filing documents sole voting/dispositive authority over the 2.97% position and affirms the securities were acquired and held in the ordinary course of business. For governance purposes, this disclosure signals transparency but does not indicate a coordinating or control intent.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)

Oxford Lane Capital Corp.

(Name of Issuer)

Preferred

(Title of Class of Securities)

691543870

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 691543870

1

Names of Reporting Persons

KARPUS MANAGEMENT, INC.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 456,338.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 456,338.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

456,338.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.97 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Oxford Lane Capital Corp.
(b)	Address of issuer's principal executive offices: 8 Sound Shore Drive, Suite 255, Greenwich, CT 06830
Item 2.
(a)	Name of person filing: This statement is being filed by Karpus Management, Inc., d/b/a Karpus Investment Management ("Karpus" or the "Reporting Person"). Karpus is a registered investment adviser under Section 203 of the Investment Advisers Act of 1940. Karpus is controlled by City of London Investment Group plc ("CLIG"), which is listed on the London Stock Exchange. However, in accordance with SEC Release No. 34-39538 (January 12, 1998), effective informational barriers have been established between Karpus and CLIG such that voting and investment power over the subject securities is exercised by Karpus independently of CLIG, and, accordingly, attribution of beneficial ownership is not required between Karpus and CLIG. The Shares to which this Schedule 13G relates are owned directly by the accounts managed by Karpus.
(b)	Address or principal business office or, if none, residence: 183 Sully's Trail, Pittsford, New York 14534.
(c)	Citizenship: The members of the Karpus Management Committee are US citizens. Karpus is a New York corporation.
(d)	Title of class of securities: Preferred
(e)	CUSIP No.: 691543870
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 456,338.00
(b)	Percent of class: 2.97 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 456,338.00
	(ii) Shared power to vote or to direct the vote: 0.00
	(iii) Sole power to dispose or to direct the disposition of: 456,338.00
	(iv) Shared power to dispose or to direct the disposition of: 0.00
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

KARPUS MANAGEMENT, INC.

Signature:	/s/ Jodi L. Hedberg
Name/Title:	Jodi L. Hedberg / Chief Compliance Officer
Date:	08/14/2025

FAQ

How many preferred shares of Oxford Lane Capital (OXLCP) does Karpus Management own?

Karpus Management beneficially owns 456,338 preferred shares.

What percentage of the preferred class does Karpus's stake represent in OXLCP?

The reported ownership represents 2.97% of the preferred class.

Does Karpus have voting or dispositive power over the OXLCP shares it reports?

Yes. Karpus reports sole voting power and sole dispositive power over the 456,338 shares.

Is Karpus Management acting as an investment adviser for these shares?

Yes. The filing states Karpus is a registered investment adviser and the shares are owned by accounts it manages.

Does the filing indicate Karpus intends to influence control of Oxford Lane Capital?

No. The certification states the securities were acquired and are held in the ordinary course of business and not to change or influence control.