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

Rhea-AI Filing Summary

Karpus Management, Inc. reports beneficial ownership of 256,265 Oxford Lane Capital Corp. preferred shares (CUSIP 691543805), representing 1.67% of the class. The filing, an Amendment No. 4 to Schedule 13G, states the shares are owned directly by accounts managed by Karpus and that Karpus has sole voting and dispositive power over the shares. Karpus is a New York-registered investment adviser controlled by City of London Investment Group plc but notes informational barriers prevent attribution of ownership to CLIG. The filing includes a certification that the shares are held in the ordinary course of business.

Positive

• Clear disclosure of beneficial ownership: 256,265 preferred shares reported (CUSIP 691543805).
• Sole voting and dispositive power explicitly stated for the reported shares.
• Certification that shares are held in the ordinary course of business and not to influence control.
• Statement on informational barriers clarifies that City of London Investment Group plc is not attributed ownership.

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine disclosure: a registered adviser reports a 1.67% stake in OXLCP preferred shares with sole voting and dispositive power.

The position reported by Karpus is small relative to total class size and below the 5% threshold that typically triggers greater scrutiny. The filing clarifies control and voting rights, which is useful for shareholder registers and for understanding potential voting concentrations. No change in control or activist intent is asserted; the certification states the position is held in the ordinary course of business.

Corporate Governance Expert

TL;DR: Disclosure confirms sole voting/dispositive authority for 256,265 preferred shares but indicates no intent to influence control.

This Schedule 13G/A provides transparent disclosure of beneficial ownership and governance rights. The note about informational barriers to CLIG supports independent decision-making by Karpus. Because the stake is under 5% and the filer certifies ordinary-course holdings, this filing is a routine governance disclosure rather than a signal of coordinated control or takeover activity.

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)

691543805

(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. 691543805

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 256,265.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 256,265.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

256,265.00

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)

1.67 %

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.: 691543805
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: 256,265.00
(b)	Percent of class: 1.67 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 256,265.00
	(ii) Shared power to vote or to direct the vote: 0.00
	(iii) Sole power to dispose or to direct the disposition of: 256,265.00
	(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 Oxford Lane Capital preferred shares does Karpus Management (OXLCP) report owning?

Karpus reports beneficial ownership of 256,265 preferred shares (CUSIP 691543805), representing 1.67% of the class.

Does Karpus have voting control over the reported OXLCP preferred shares?

Yes. The filing states Karpus has sole voting power and sole dispositive power over all 256,265 shares.

Is this filing indicating an attempt to influence control of Oxford Lane Capital (OXLCP)?

No. The certification in the Schedule 13G/A states the shares are held in the ordinary course of business and not for the purpose of changing or influencing control.

What relationship is disclosed between Karpus Management and City of London Investment Group plc?

Karpus is controlled by City of London Investment Group plc, but the filing states informational barriers exist and ownership attribution to CLIG is not required.

What type of filing is this and what amendment number is it?

This is a Schedule 13G/A (Amendment No. 4) filed with respect to Oxford Lane Capital preferred shares.