The document analyzes the semantics of the noun phrase "fact that p". It argues that this phrase does not denote an actual fact. It considers two alternatives: 1) treating "fact" as vacuous or 2) forcing a truthful reading of the complement "p". The author ultimately defends the second alternative, arguing that "fact that p" implies "p" is true and yields a denotational/referential reading of "p", rather than denoting an actual fact.