It is a limited handicap race, and it is scheduled to take place each year in April.
The event was established in 1966, and the inaugural winner was Blue Venom.
For a period it was classed at Listed level, and it was promoted to Grade 2 status in 1991.
Captain Christy won the race in 1973, the year before winning the Cheltenham Gold Cup as a novice.
Another Irish-trained horse, Golden Cygnet, suffered fatal injuries when he fell in the 1978 running.