The race is scheduled to take place each year during the Punchestown Festival in late April or early May.
The present version of the race was introduced in 1999, and it was initially sponsored by Shell.
Several different sponsors have followed, including Emo Oil, ACCBank, Rabobank, Racing Post, Betdaq and Paddy Power.
Its current sponsor, Boodles, began supporting the race in 2024.
The field usually includes horses which ran previously in the Champion Hurdle at Cheltenham, and the last to win both events in the same year was State Man in 2024.