When a ferromagnetic material is heated above its Curie temperature , the material

When a ferromagnetic material is heated to temperature above its Curie tamperature, the material

A ferromagnetic material is heated above its curie temperature. Which one is a correct statement?

Assertion: Above Curie temperature, a frerromagnetic material becomes paramagnetic. Reason: When a magnetic material is heated to very high temperature, it loses its magnetic properties.